Tata Steel Europe plans to cut 1250 jobs. Henrik Adam, CEO of Tata Steel, said: "the financial situation of Tata Steel Europe is very serious at present, and there is an urgent need to improve the company's performance and financial situation." Tata Steel has decided A514 grade E high strength steel plate in November 2019 to cut 3000 jobs in its European operations to reduce costs. After a period of negotiations with the European labour Commission, the layoff plan cut that number by more than half, minimizing unemployment. Tata Steel has about 20000 employees in Europe.
The carbon tool steel thick plate is made of carbon tool steel and is made by hot rolling. This carbon tool steel has good cold and hot processing performance, high hardness and plastic resistance, low production cost and wide range of uses. A514 grade E high strength steel plate, Carbon tool steel is usually delivered in an annealed or high temperature tempered state. It is mainly used to manufacture cutting tools, measuring tools and molds with low cutting speed, simple shape and low precision. The thickness of the steel plate is 4.5-25mm, and the width and length comply with GB709 regulations.
The predecessor of Ningbo port is Ningbo Port Authority. Ningbo port consists of Beilun port, Zhenhai port, Ningbo port, Daxie port and Chuanshan port. It is a multi-functional and comprehensive modern deep-water port integrating inland river port, estuary port and seaport.
In 2018, one of our India customers visit Zhengzhou office building and work shop to discuss carbon steel Q235B grind plate technical request. They have strict surface and thickness tolerance, and they also request UT and MT for testing for Q235B grind plate. As a result, they purchase 179 tons as trial order for first cooperation. After using the gind plate, the India customer has good comment on our A514 grade E high strength steel plate quality. Till now, we keep exporting around 100 tons per month as regularly.
At present, there is no obvious release of market demand, the terminal is basically purchased on demand, and the transaction volume is not obvious. However, the current market inventory resources of A514 grade E high strength steel plate are relatively small, business sales pressure is not big, coupled with cost support, so the willingness to stand out is strong. However, after the continuous rise in the early stage, the market's fear of heights has increased, and the operation is still dominated by shipment, and the space for A514 grade E high strength steel plate price rise is limited. Overall, it is expected that A514 grade E high strength steel plate prices will be strong tomorrow.
We are committed to providing customers with high-quality services, high-precision products and efficient solutions. If you have any demand for A514 grade E high strength steel plate steel plate, steel pipe and other products, please contact us directly. We are willing to provide you with relevant product knowledge and specific specifications for free. Welcome to purchase.
We have a high-quality elite team, with a wealth of steel products resources and business experience. The company has established a perfect career development channel to provide all employees with broad job development opportunities, clear career planning, so that the potential can be fully explored, talent can be fully exploited, and a platform for employees to realize the value of life can be built, so as to realize the common growth and development with employees in the long-term development of the company.
