CSC February capacity fully booked
China Steel Corp one of Taiwan's leading steel makers, said Saturday that its production capacity for February is fully booked due to solid demand from its clients in the downstream steel industry.
Judging from the backlog of orders, China Steel said its shipments for February are expected to remain steady compared with a shipment of approximately 1.02 million metric tonnes for January.
However, due to the fewer number of working days in January as a result of the upcoming Lunar New Year holiday, shipments for the month will fall slightly from the 1.04 million metric tons recorded in December.
The December shipments were calculated based on a combination of China Steel's 750,000 metric tonnes and its unit Dragon Steel Corp.'s 286,000 metric tonnes.
Although the Lunar New Year holiday, which falls on January 30 and will continue until February 4 this year, will cut the number of working days short in February as well, the fully booked capacity will ensure that shipments for February will offset the impact from the fewer working days and remain stable, the steel maker said.
Due to the solid orders from downstream clients, China Steel said it expects its monthly production to range between 750,000 metric tons and 790,000 metric tons, while Dragon Steel could roll out more than 200,000 metric tons of steel products in February.
(www.steelguru.com)
Monday, January 6, 2014
China Steel Corp one of Taiwan's leading steel makers
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