China sells ship-use steel boards in bulk to ROK

Baosteel has inked supply agreements with two shipbuilding companies from the Republic of Korea (ROK), a source from China's largest rolled steel producer has confirmed.

Under the accords, Baosteel will sell 180,000 tons of 5-meter steel boards for ships to the Hyundai Heavy Industries and 100,000 tons of such products to the Samsung Heavy Industries this year.

The ship-use steel boards will be produced by China's first rolling mill for 5-meter boards, which was put into operation last year, the Baosteel source said.

The project was designed to have an annual production capacity of 1.4 million tons at the initial stage, the official said.

Besides the ROK, Baosteel has begun to sell 5-meter ship-use steel boards to Japan, the official added.

Source: Xinhua