According to the latest statistics of alacero, the consumption of finished steel A514 grade P QT steel plate products in Latin America in 2019 was 64.2 million tons, down 5% from 67.6 million tons in 2018. The decline in steel consumption in the region reflects the economic contraction of Latin American countries, especially the three major economies: Mexico, Argentina and Brazil. The three countries accounted for 87% of the total reduction in A514 grade P QT steel plate steel consumption in Latin America. Alacero said the main reasons for the decline in steel consumption in the region are the global economic slowdown, the fall in commodity prices, trade disputes between the United States and its partners, the shrinking world trade A514 grade P QT steel plate and political uncertainty, as well as the negative impact on Latin American countries and their neighbors in terms of investment.
Low alloy coils are steel coils made of steel with a low alloy content, usually less than 3.5%. Low alloy coil materials mainly include A572 Gr 50, S355JR, SS490, ST52-3, Q345B, etc.. These grades are also the most widely used and produced low-alloy high-strength steel grades in the world. The strength of low alloy coils is about 20% to 30% higher than that of ordinary carbon structural steel, A514 grade P QT steel plate. And the atmospheric corrosion resistance of low alloy coils is 20% to 38% higher than that of ordinary carbon structural steel.
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.
The Peru customer has cooperated with us since April 2015, and then they purchased 300 tons A36 mild steel plates as trial order. Since then, they book more than 1000 tons from us every time, and about two times every year. They asked SGS test every time. Through our cooperation those years, we have built very good relationship and they entrust us to buy other related A514 grade P QT steel plate products for them from China also. And they have introduced us good customers in Peru, among which there are also governmental projects. It is a win-win cooperation between us.
On the whole, on the one hand, under the support of better macroeconomic expectations and high costs, macro funds have disturbed the futures market from time to time and promoted the phased rise of A514 grade P QT steel plate prices. On the other hand, the current steel market's actual demand performance is average, and once A514 grade P QT steel plate prices rise too quickly, there will be fear of heights. In the short term, A514 grade P QT steel plate prices may fluctuate strongly.
Our products have perfect after-sales system to protect the interests of customers. At the same time, we can according to A514 grade P QT steel plate customer's requirements, processing requirements, cutting technical requirements, etc., to develop detailed solutions for customers, so as to make customers 100% satisfied. If you have any requirements and needs, please contact us in time.
We have a stable system and professional human resource management work as the support, from the six aspects of guidance, cohesion, incentive, constraint, radiation and stability, we continue to introduce, modify and train employees from concept to action, and shape employees through constant guidance of common values.
