According to South Korea newsis reported on March 12, Korea iron and steel association statistics show that in February, South Korea's domestic A588 grade B HSLA steel plate 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 A588 grade B HSLA steel plate steel imports increased last year. As China's economy slows and steel prices fall, Chinese steel is pouring into South Korea, analysts say.
Carbon steel SA516Gr70 corresponding material is SA516 Gr485 steel. SA516 Gr485 is called according to the min. tensile strength 485MPa. Our company can supply A588 grade B HSLA steel plate, ASME SA516Gr70 carbon steel plate and sheet with thickness ranging from 5mm to 150mm. SA516Gr70 steel plate for pressure vessels and boiler is delivered in hot rolling, controlled rolling, normalizing, while plate thickness greater than 40mm must be normalizing.
BBN company is a modern enterprise integrating steel producing, warehousing and logistics, processing and distribution. We are committed to creating a "one-stop steel procurement service" platform. The main products are I-beam, angle steel, A588 grade B HSLA steel plate , H-beam, hot-rolled coil, welded pipe, spiral pipe seamless pipe and many other steel products. Standing stocks amount to more than 30,000 tons, and complete specifications, the company gradually moves towards large-scale distribution enterprises with serialized products, standardized services and modern transportation management.
In April 8th, 2018, our Philiphine customer purchased 1008 Tons API 5L Gr.B ERW pipes &Q345B seamless steel pipe for offshore oildfield resources drilling project. This is a regular demand almost every two month, and we has been cooperated more than three times, totally around 2100 tons API 5L Gr.B steel pipeline since 2015 year. We can supply the relative certificated for the API 5L Gr.B ERW pipes products like SGS report, B/L &Form M, and mill test certificate.
On March 17, the Ministry of Finance and the State Administration of Taxation jointly issued the announcement on increasing the export tax rebate rate of some products, and the relevant adjustments will be implemented from March 20. This adjustment involves 60 tariff numbers of steel products. After the adjustment, the A588 grade B HSLA steel plate etc. steel products with the original export tax rebate rate of 10% will be fully refunded, which is great news for both steel exporters and our customers.
our company is a professional ASTM A573 Grade 70/A573 Gr.70 carbon manganese silicon steel plates steel exporter and a steel Stockist in china. We keep more than A588 grade B HSLA steel plate 1000 tons ASTM A573 grade 70/A573 Gr.70 carbon manganese silicon steel plates steel in stock every month.
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