It is reported that Handan Steel, a subsidiary of Hebei Iron & Steel Group (HBIS), the largest steel production group in China has accelerated its flat rolled steel exports this year.
So far, the firm's exports of flat rolled steel products have surged by 35% in the first eight months of this year.
It is known that Handan Steel made the shipments of 202,000 tons of flat rolled steel to South America in the first eight months, jumping substantially by 200% year on year.
In the background, Handan Steel was established and put into operation in 1958 and now it has herself developed into one important high-quality plate and strip production base in China.
The company has comprehensively possessed an annual steel production capacity of 10 million tons with the total assets of RMB61.8 billion and annual sales revenues of more than RMB35.0 billion