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 A514 quenched and tempered steel 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.
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As steel transportation belongs to the transportation of major parts, so in the process of transportation, modern logistics technology, such as centralized transportation, information technology, is a bit out of place. Based on the current situation of China's ASTM A514 quenched and tempered steel steel transportation industry, highway transportation is a way of transportation that many enterprises often choose. Naturally, its business volume also accounts for more than 50% of the whole ASTM A514 quenched and tempered steel steel transportation industry.
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