Hyundai Steel Co. has no plans to cut production further despite weak steel demand due to the coronavirus pandemic, the company's president said. Earlier this year, South Korea's second largest steelmaker reduced its material S460ML annual production of hot rolled coils from 1 million tons previously to 700 thousand tons per year for EAFs. A turnaround is expected after the third quarter of this year. In the three months to March 31, Hyundai Steel had a net loss of 88.6 billion won ( million), up from 94.4 trillion won in net profit in the same period last year.
The company has a group of experienced steel plate continuous processing line construction, production management, operation and professional and technical personnel. The company is a modern enterprise integrating scientific research and development, production processing, sales and service. Our main products include hot rolled plates, seamless pipes, material S460ML and steel structures. At the same time, it also adheres to international standards and adheres to the international line.
Pickled steel coils are processed by pickling machines to remove the oxide layer. Because of the deoxidation treatment, certain characteristics of the pickled steel coils are more prominent. First, the surface is smoother and exquisite. For products that require the appearance of the steel plates, pickling steel coil is a good choice. Second, the surface of the pickled steel coil is smooth and not easy to oxidize, and it is convenient and quick to paint. Third, material S460ML, pickled steel coils have high precision.
In addition to our own truck fleet, we also have long-term cooperation with certain logistics companies to ensure that we can deliver material S460ML goods in time and smoothly. At the same time, because of the long-term cooperation and huge shipping volume, we can get a good transportation price and save transportation cost for the company and customers. Meanwhile, we have Shipping Department to arrange shipping work in advance. So as not to waste time on transportation both in land and on the sea.
After the steel plate is produced from the original factory, it will pass through a series of transportation and storage links and then be delivered to the processing workshop. During this period of time, the steel plate surface will contact with the air continuously, which will inevitably produce a layer of oxide skin. The oxide skin is a difficulty in the treatment process. It has high melting point, is not easy to burn and dissolve, increases preheating time, reduces cutting speed. Therefore, the surface of the material S460ML plate should be derusted before cutting.
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