According to South Korea newsis reported on March 12, Korea iron and steel association statistics show that in February, South Korea's domestic what is the minimum yield strength of S355ML steel steel exports to 2.44 million tons, down 2.4 percent year on year, after January down 3 percent, the second consecutive month of decline. In the past three years, South Korea's steel exports have decreased year by year, from 31.67 million tons in 2017 to 30.44 million tons in 2018 and 30.38 million tons in 2019. Instead, South Korea's what is the minimum yield strength of S355ML steel steel imports increased last year. As China's economy slows and steel prices fall, Chinese steel is pouring into South Korea, analysts say.
The use of low-alloy high-strength steel can reduce the size of structural parts and reduce weight. It must be noted that for components that may be bent, the allowable stress must be corrected to ensure the robustness of the structure. Sometimes low-alloy high-strength steel is used to replace what is the minimum yield strength of S355ML steel, carbon structural steel without changing the cross-sectional size. Its sole purpose is to obtain a stronger and more durable structure without increasing weight.
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The market mentality tended to be cautious, and the market prices in most regions were adjusted in a narrow range. In terms of resources, the current market inventory continues to digest, but due to the high output of what is the minimum yield strength of S355ML steel, and the off-season effect of downstream demand is still continuing, resulting in a slow de stocking speed. In the short term, in the case of poor shipment of high price resources and cautious market mentality, it is expected that the price of what is the minimum yield strength of S355ML steel in the short term may be in weak consolidation operation.
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