According to South Korea newsis reported on March 12, Korea iron and steel association statistics show that in February, South Korea's domestic A709 Gr 50W high strength 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 A709 Gr 50W high strength steel steel imports increased last year. As China's economy slows and steel prices fall, Chinese steel is pouring into South Korea, analysts say.
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S235JR is a European standard non alloy structural steel, equivalent to the national standard Q235B, i.e. S235JR steel is carbon structural steel with low carbon content. S235JR steel is widely used in welding, bolt connection and riveting structures. S235JR steel is mainly used in railway, bridge, all kinds of construction engineering, manufacturing all kinds of metal components bearing static load and unimportant mechanical parts and A709 Gr 50W high strength steel general weldments that do not need heat treatment.
A709 Gr 50W high strength steel, Q690 steel is low alloy high strength steel. It belongs to the Chinese GB standard steel. Q690 steel is named after its yield strength value. Q is the abbreviation of yield strength, that is, the yield strength of Q690 steel is 690 MPa. Chemical composition of Q690 steel: C ≤ 0.18, Si ≤ 0.60, Mn ≤ 2.0, P ≤ 0.030, S ≤ 0.025, Nb ≤ 0.11, V ≤ 0.12, Ti ≤ 0.20, Cr ≤ 1.00, Ni ≤ 0.80, Cu ≤ 0.80, N ≤ 0.015, Mo ≤ 0.30, B ≤ 0.004, Al ≤ 0.015. The mechanical properties of Q690 steel are: yield strength ≥ 690 MPa, tensile strength 730-940 MPa, elongation after fracture ≥ 14%, impact energy 31J.
In 2018, one of our India customers visit Zhengzhou office building and work shop to discuss carbon steel Q235B grind plate technical request. They have strict surface and thickness tolerance, and they also request UT and MT for testing for Q235B grind plate. As a result, they purchase 179 tons as trial order for first cooperation. After using the gind plate, the India customer has good comment on our A709 Gr 50W high strength steel quality. Till now, we keep exporting around 100 tons per month as regularly.
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