S420M steel price market trends

South Korean S420M steel price steel industry said that the slowdown in economic growth superimposed on the impact of the epidemic, steel demand weakened, exports were sluggish, enterprises are facing huge operating pressure. Due to the delay in the resumption of work of Chinese S420M steel price steel enterprises, the steel inventory is growing rapidly. According to statistics, China's steel circulation inventory reached 23.75 million tons in February, the highest since 2006, with an estimated total inventory of 33.45 million tons.

Pipeline steel S420M steel price is mainly used for the transportation of oil and natural gas. Pipeline steel (LPS) is mainly used for processing and manufacturing oil and gas pipelines. Oil and gas pipeline network is the most convenient and safe channel connecting the resource area and market area. Its rapid construction will not only relieve the pressure of railway transportation, but also help to ensure the safe supply of oil and gas market and improve the level and capacity of energy security.

BBN company has implemented a resource strategy combining global resource procurement, domestic resource unified purchase, and joint purchase and distribution. It has maintained good relations of cooperation with more than 100 domestic and foreign steel mills, and can purchase low-quality and high-quality steel futures in all directions and through multiple channels. The company can grasp the specifications and quantities of the spot resources of major steel mills in real time, and can timely and quickly meet customer demand for steel spot resources.

BBN had provided S420M steel price Hardox plates for more than 15 years for widely applied in coal mining machinery, cement equipment, road construction machinery, engineering machinery, dump trucks, metallurgical area and port fields. In 2016,we brought our customer to visit our S420M steel price NM400 steel plate producing line and our Shanghai warehouse for 30000 tons plate and structure. As a result, Our client purchased 500 tons NM 400 as first order, which is shipped by 3 times. In future, BBN will always guarantee that all the delivery condition for Hardox plate provided will be with quenching and tempering, which is the best delivery type according GBT 24186 standard.

Brazil's crude steel output was 32.2 million tons, down 9.0% year on year. Turkey's crude steel output was 33.7 million tons, down 9.6% year on year. S420M steel price, Crude steel production in Africa was 17 million tons, down 2.3% year on year. Oceania's crude steel production was 6.1 million tons, down 2.9% year on year.

The company is mainly engaged in S420M steel price steel plates manufacturing and deep processing, sales and distribution. It is committed to building a complete modern steel purchase and sale network. Here we would like to express our sincere gratitude to our old and new friends who have always given care, support, affirmation and help, and sincerely hope to establish a long-term cooperative relationship with them for mutual benefit, win-win and common development, and work S420M steel price together for a better tomorrow.

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