Hyundai Steel Co. has no plans to cut production further despite weak steel demand due to the coronavirus pandemic, the company's president said. Earlier this year, South Korea's second largest steelmaker reduced its ASTM A588 heavy plate annual production of hot rolled coils from 1 million tons previously to 700 thousand tons per year for EAFs. A turnaround is expected after the third quarter of this year. In the three months to March 31, Hyundai Steel had a net loss of 88.6 billion won ( million), up from 94.4 trillion won in net profit in the same period last year.
In order to further transform the operation mechanism, establish the operation concept of "market-oriented, customer-centric", strive to improve our core competitiveness and promote the rapid development of business; further strengthen customer marketing management, subdivide customer groups, establish a top-down, crisscross, hierarchical marketing mechanism of "everyone is a marketer", and provide for the needs of different levels of customers Corresponding services.
Flat steel is a kind of steel with rectangular cross-section and blunt edges at the edges and corners. It is usually 12-300 mm wide and 3-60 mm thick. Compared with ASTM A588 heavy plate ordinary steel plate, the utilization rate of flat steel is increased by one to five percentage points. Moreover, flat steel can be produced with fixed thickness, width and length according to the user's requirements, which saves the cutting process for users, reduces the consumption of labor and materials, and also reduces the processing loss of raw materials, saving time, labor and material.
As a leading international steel supplier, we have two warehouses, close to Tianjin port and Shanghai port. This superior geographical location effectively saves the domestic transportation cost and greatly improves our service level. At the same time, it also shortens our delivery time and provides more convenience for customers.
Vanadium is a weak deoxidizer. Adding vanadium into ASTM A588 heavy plate steel can reduce the adverse effects of carbon and nitrogen, effectively improve the strength, but sometimes also increase the tendency of welding hardening, vanadium is also a commonly used trace alloy element.
As leading EN10025-6 S460QL structural steel plates supplier in China, our company has supplied hundreds of thousands tons S460QL steel plates to clients to assist them finish one after another ASTM A588 heavy plate magnificent projects.
After the order is finished, our after-sales service center will send an email to make a feedback about our steel products' quality. We have phone service every three months to remind our customers of the possible problems and collect advices or suggestions in quality and service. Upon the collection of advices or suggestions, our after-sales service will quickly make technical solutions to wipe out the customer problem.
