The Indian iron and A514 Gr R alloy steel plate Steel Association (ISA) lowered its steel demand forecast for 2020 to 5.1% from 5.1% in February this year. The figure is expected to hit a low of 7.7%. The company said in an official statement that the current share price has fallen sharply due to the huge downside risk. "We expect India's finished steel demand to fall to about 93.7 million tons by 2020, down from 101.5 million tons in 2019." This calendar year, the A514 Gr R alloy steel plate decline was 7.7%, about 8 million tons. " Isa said.
The abrasion resistant A514 Gr R alloy steel plate steel plates, which also known as wear resistant steel plates, are among our main business scope. There are various abrasion resistant steel grades on the market. Among them, NM400, NM450, NM500, HARDOX400, HARDOX500, AR400, AR500, etc. are most popular. Meanwhile, NM400, HARDOX400 and AR400 are equivalent to each other. NM500, HARDOX500 and AR500 are also equivalent abrasion resistant steel materials.
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.
BBN had provided A514 Gr R alloy steel plate Hardox plates for more than 15 years for widely applied in coal mining machinery, cement equipment, road construction machinery, engineering machinery, dump trucks, metallurgical area and port fields. In 2016,we brought our customer to visit our A514 Gr R alloy steel plate NM400 steel plate producing line and our Shanghai warehouse for 30000 tons plate and structure. As a result, Our client purchased 500 tons NM 400 as first order, which is shipped by 3 times. In future, BBN will always guarantee that all the delivery condition for Hardox plate provided will be with quenching and tempering, which is the best delivery type according GBT 24186 standard.
According to the monitoring of the Iron and Steel Association, at the end of October, the China Steel Price Index (CSPI) was 107.34 points, an increase of 1.24 points or 1.17% from the end of last year; the price of CIOPI imported iron ore during the same period was US6.38/ton, an increase of US.86/ton from the previous month, an increase of 28.57%. The price increase of iron ore is significantly greater than that of steel, and the impact on the production costs of steel companies will gradually become apparent, greatly reducing corporate profitability.
The company specializes in hot rolled plates producing, steel plate processing, steel plates cutting, carbon steel plate weldding and exporting of wide and thick steel plates. BBN company has high-quality CNC A514 Gr R alloy steel plate steel plate cutting processing equipment, professional technical personnel, and supporting marketing and after-sales service system. Sincerely welcome new and old customers to visit our company, BBBN company will always be your reliable choice.
To the society: With the development of the company, BEBON has always adhered to the development mission of "developing heavy industry for the benefit of all mankind; improving the environment and achieving sustainable development”, operating with integrity and paying taxes in accordance with law.For our employees, the company fully respect employee value, pursuing mutual development of enterprise and employees.
