Turkey produced 8.97 million metric tons of crude steel in the first quarter, with a 9.6 percent increase from the same month of last year. Iran's crude ASTM A573 plate steel production in March amounted to 6.75 million mt. up by 13.2 percent year on year. The CIS registered a ASTM A573 plate crude steel output of 25.15 million mt. falling by 0.6 on year-on-year basis, with Russia producing 17.9 million mt, down by one percent, and Ukraine producing 5.32 million mt, falling by 3.4 percent, both on year-on-year basis.
Q690C steel plates are mainly used in heavy machinery, marine engineering, metal structures. BBN STEEL cooperated with Wugang to produce Q690C steel for use in its enterprise production and construction projects. The prospects for produts exporting to the United States, Canada, Australia, India, and Europe are promising. More than 10,000 tons ASTM A573 plate products have been directly supplied to European customers.
The company adheres to the needs of customers, adheres to win-win integrity, and relies on scientific and technological innovation to continue to improve the level of logistics equipment technology and information technology, and enhance the logistics technology research and development and innovation capabilities. Based on market demand and innovation as the driving force for development, the company actively expands the field of logistics services, accelerates the extension of the logistics industry chain, and scientifically advances the diversification of the logistics industry.
We exported 2150 Tons SG295 steel coils to Sudan. The Sudan customer is LPG cylinder manufacturer. Before our cooperation, he usually purchased SG295 steel coils from UAE and Turkey. And he got to know our company through our regular customers in Uganda, UAE, and his friends in China. Then he gave us the order. We invited the customer to visit us before contract, but he insisted to visit us when the ASTM A573 plate goods are finished production. After inspecting the size, package in workshop and witness the lab test for the SG295 steel coils, the customer was very satisfied to our quality control and professional arrangement.
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 ASTM A573 plate, 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 ASTM A573 plate in the short term may be in weak consolidation operation.
Our steel products are widely used in petroleum and natural gas, chemical industry, shipbuilding, automobile manufacturing, power generation, mining, and other industries. The products ASTM A573 plate are sold in more than 20 provinces, cities and all over the world. The company has strong technical force, complete production equipment, advanced production technology, perfect testing methods, and high-quality products.
Enterprise Motto:Integrity, harmony, dedication, innovation and developmentAbility is the cornerstone of success; action is the ladder of successGrow with the enterprise; progress with the enterpriseGive a platform to those who actually do things and a stage to those who successfully do thingsDare to be the first, to pursue excellence.
