CAN reported that the ratio of Taiwan's steel exports to production rose more than 1 percentage point in the first seven months of this year.
Taiwan’s ministry of economic affairs' department of statistics said that during the seven-month period, local steel makers targeted the export market as they raised production with the operation of new furnaces.
The statistics department said that after the rush by steel makers in 2010 -2012 to build new furnaces, production growth has become more visible in 2013, prompting these suppliers to seek overseas customers, which boosted the exports-to-production ratio.
In the first seven months of the year, Taiwan's steel exports totaled 4.85 million metric tonnes, accounting for 14.04% of the country's total production, up 1.12 percentage points from a year earlier.
Taiwan's steel exports rose by an annual 12.53% in terms of quantity, but the value fell 3.92% year on year to about NTD 130 billion (USD 4.42 billion).
Lianyuan Steel succeeds in producing 1.6mm thin checkered plate
Through elaborate management, Hunan-based Valin Steel succeeds in producing 1.6mmX1250mm thin checkered plate recently with all performances up to standard.
Checkered plate is widely used in communications, construction, machinery and shipping sectors and demand for ≤2.0mm checkered plate is quite strong in the marketplaces. 1.7mm checkered plate has a price markup of CNY 120 per tonne based on 2.0mm checkered plate price. There are only 1 steelmaker capable of producing 1.6mm checkered plate previously. The move will not only expand its market share but also help increase its profitability.