According to South Korea newsis reported on March 12, Korea iron and steel association statistics show that in February, South Korea's domestic ASTM A514 high strength steel plate steel exports to 2.44 million tons, down 2.4 percent year on year, after January down 3 percent, the second consecutive month of decline. In the past three years, South Korea's steel exports have decreased year by year, from 31.67 million tons in 2017 to 30.44 million tons in 2018 and 30.38 million tons in 2019. Instead, South Korea's ASTM A514 high strength steel plate steel imports increased last year. As China's economy slows and steel prices fall, Chinese steel is pouring into South Korea, analysts say.
The ASTM A514 high strength steel plate, thin steel plates are more convenient for cutting. Since the thickness of the thin steel plate is basically below 4mm, it is very easy to construct during cutting, which also reduces the work intensity of the construction personnel and speeds up the work efficiency of cutting. There are different materials for thin steel plates, such as ordinary carbon steel, high-quality carbon structural steel, alloy structural steel, carbon tool steel, stainless steel, spring steel, silicon steel for electrical engineering, etc..
The mode of iron and ASTM A514 high strength steel plate steel logistics transportation is mainly intercontinental ocean shipping and inland rail transportation. European ports have been very mature after years of development, such as Hamburg in Germany, Rotterdam in the Netherlands and Antwerp in Belgium. Relying on the huge market of the European Union, these ports are positioned in the logistics distribution function of cargo distribution and large import and export, and play a great role in the transportation of ASTM A514 high strength steel plate steel logistics.
In April 2018, our Philiphine customer purchased 1008 Tons API5 L Gr.B ERW&Q345B SMLS pipe ASTM A514 high strength steel plate for offshore oildfield resources drilling project. This is a regular demand almost two month, and we has been cooperated more than three times, totally around 2100 tons steel pipe since 2015 year.
At present, the inventory of ASTM A514 high strength steel plate in some markets is still at a low level, the rhythm of late arrival can be controlled, and the inventory pressure of agents is small; secondly, the orders of steel mills are basically saturated, the ex factory price is obvious, and the short-term ASTM A514 high strength steel plate price support is strong. On the whole, the cost side is high, the inventory pressure is not big, and ASTM A514 high strength steel plate traders are cautious and optimistic. Although the short-term demand persistence still needs to be considered, the overall price bottom is supported. It is expected that China's ASTM A514 high strength steel plate prices will fluctuate at a high level tomorrow.
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