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Taigang plans to increase volumes of production of stainless steel rolling

10 December 2012
Taigang plans to increase volumes of production of stainless steel rolling

Despite the difficult working conditions in the current year,

manufacturers of stainless steel China are optimistic. In particular, management

one of the leaders of the Chinese market of special steels company «Taigang Stainless steel» —

even before the new year managed to declare their own intentions to increase

melting corrosion-resistant metal by 10%.

According to the management of «Taigang», in 2013 the demand

on stainless steel will have a more lively character, so there is reason to expect

the increase in sales. «Our analysts believe that the coming year promises

we expressive ascending vectors of indicators of export of stainless metal (for

forecasts — plus, 420 thousand tons to the result of 2012 year). Therefore, even in

the weak domestic market, our planned increase in the number of

produced of stainless steel with 3.1 million tons (this year) to 3.4 million in the next

will be justified» — comment on their expectations of the representatives of «Taigang

Stainless».

Earlier the mass media reported that for «Taigang»

last year was not the best (at the end of its first half profit

corporations fell by more than 55%). Summing up the half year results, the company explained

this situation is a glut in the domestic market of China, triggering

significant reduction of marginal income. Apparently, it was then that the management

the company decided to seek a way out of the situation in

reorientation to foreign buyers accustomed to higher prices.

7 December 2012
11 December 2012