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700 millions-Baosteel place a giant order to Jiannanchun on branding iron.
Date: 2008-2-27    Hits: 4080
" We will increase our order of branding iron in Sichuan ",Zhang Ronghai, deputy manager of purchase center said that yesterday on the signing ceremony with Sichuan Mianzhu Jiannanchu Foreign Economic and Trade Company. It is report that baosteel had placed a order of 50 thousand ton high-carbon branding iron .And signed the cooperation agreement for about 3 years. "the price of 50 thousand ton high-carbon is about 700 millions", person involved it had disclosed to the reporter. We know that, these years, besides primary business of wine, jiannanchun group company's business ranged over metallurgy, tourism, etc.
 
Sichuan Mianzhu Jiannanchu Foreign Economic and Trade Company is one of a holding company of jiaananchu, its main business is purchase metallurgy material, such as chromium minerals.beside this, there are two wholly-owned subsidiary metallurgy companies attached to jiannanchu, their annual output is about 100 thousand ton.
 
"Sichuan has provide 50% high carbon ferro-chrome, which are up to our total purchased."Zhang said. Baosteel's purchase of high-carbon branding iron is divided into two parts,local purchases and offshore purchases. the former account for about 65 percent and tne latter is about 35 percent.
 
According to introducing, baosteel commence smelting stainless steel in 2004, the quantity demand is increasing steadily." Predict that , the output of stainless steel will reach a level of 1.35 million ton in 2008",zhang said.
 
It is learned that , smelting 1.35 million ton stainless steel needs 450 thousand ton high-carbon branding iron.
 
From Chengdu Business Daily's financial section

 

 

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