Shaanxi Steel Group exported speciality steel products abroad for the first time and began to expand its international trade network with this important step. About 60 tonnes of low carbon hot rolled wire rods were shipped from China to the United Arab Emirates.
These wire rods offer advantages such as low strength and hardness, high plasticity, durability, strong corrosion resistance and low production costs. In addition, these wire rods can be used in flexible industrial applications such as fasteners, standard parts and welding products.
With these exports, Shaanxi Steel Group is reaping the rewards of its R&D efforts to produce high-quality steel materials. The company has also signed 10 new product projects for 2024, which are included in the Main New Product Development Catalogue of Shaanxi Province. It has also made significant progress in special steel products such as wire drawing materials, welding wires and CrMo alloy structural steels by increasing the production of high value-added products.
Shaanxi Steel Group has put low-carbon hot-rolled wire rods into mass production and now has a monthly production capacity of over 10,000 tonnes. The company aims to further expand overseas markets, continue to increase production of high-quality construction materials and speciality wire rods, and utilise the railway line between China and Europe to grow in both markets.
The company is recognised for its innovative research into advanced materials and high-quality steel production. These exports are part of Shaanxi Steel Group's goal to gain a greater foothold in the global market. In 2024, the company plans to expand its new product development projects and increase its influence in overseas markets, marking the beginning of a new era in trade relations between China and the United Arab Emirates.
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