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 EN 10025 S420M 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.
SPV490 plate is a Japanese standard steel plate EN 10025 S420M for pressure vessels, which belongs to low alloy high-strength structural steel. It has high strength, good toughness, low welding crack sensitivity and corrosion resistance. SPV490 steel is mainly used to manufacture petroleum storage tanks. Vertical storage tanks are large containers assembled and welded on site. The welding quality of the welds directly determines the efficiency and life of the storage tank. Currently, high-efficiency automatic welding technology is generally used for welding.
Japan is a typical shipping first, and its raw materials are imported from Oceania, central and South America and other Asian countries. Most of the EN 10025 S420M steel produced is exported to China and other Asian countries, and a small amount is exported to America. Shipping is the main way of its EN 10025 S420M steel international transportation. According to the data, steel goods account for about 20% of the total sea freight in Japan. The domestic transportation of Japanese steel is mainly truck.
In 2016, we brought our customer to visit our NM400 hot rolled plate; producing line and our shanghai warehouse for 30,000 tons plate and structure. As a result, Our client purchased 500 tons NM400 as first order, which is shipped by 3 times. In future. Our company will always guarantee that all the delivery condition for Hardox plate EN 10025 S420M provided will be with quenching and tempering, which is the best delivery type according GB/T 24186 standard.
The demand for iron ore from steel production has weakened. As China’s domestic market enters the off-season for consumption, the demand for iron ore from steel production will weaken to a certain extent. Affected by the fall and winter environmental protection production restrictions and the expected release of national scrap steel standards at the end of the year, the market outlook is expected to decline and prices will not rise Shows a volatile downward trend. Steel production declined slightly, and the demand for iron ore weakened.
We have replenish steel materials stocks, now there are huge stocks of S355JR, A36, EN 10025 S420M A572 Gr 50, 16Mo3, A516 Gr 70, ABS grade A, AH32, AH36, EH36, SPA-H, SG295,SM700C etc steel materials. We can arrange delivery for those stock steel products within short time. Meanwhile, we also provide further processing for the EN 10025 S420M steel materials, such as cutting, drilling, bending, welding, etc. Please do not hesitate to contact us if you have any steel demands.
The cultural construction must let the enterprise staff participate in the enterprise culture, in order to better carry on the effective dissemination enterprise idea, the sharing value system, such as the internal communication, the newspaper, the forum, the propaganda, the news announcement and so on. At the same time, the system can also be used to educate and train employees, send blessings to employees on their birthdays or during Chinese New Year holidays, so that employees can feel the practice of corporate culture, the warmth of the enterprise, and enhance the sense of belonging and recognition of the enterprise.