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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

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Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

August 19, 2010

Crude steel production rebounds for 1st time in 3 months

The China Iron & Steel Association (CISA) reported that in early August its members produced 14.1 million tons of crude steel, with national daily crude steel output totaling 1.7 million tons, an increase of 77,000 tons compared to the end of July. This is the first increase of crude steel output in three consecutive months.

Industry analyst Hu Yanping said the sudden rise of steel prices has spurred crude steel production.

From mid-April to mid-July this year, steel prices fell for three consecutive months. Prices for the main varieties of steel fell by 700 yuan to 1,100 yuan per ton, and the prices of some varieties of steel dropped to below the cost of production, so many steel mills chose to scale back production in order to cut losses.

Starting in mid-July, many steel mills increased the price of their products. With the market price recovery and July's production cut, the national crude steel inventory is being reduced.

Currently, inventories at large and medium steel plants have dropped to 8.3 million tons, which is 1.75 million tons less than the peak inventory. Hu said that steel production in August is expected to maintain a rising trend.

By Huang Beibei, People's Daily Online

http://english.people.com.cn/

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