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 A514 grade E 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.
Hull structural steel is divided into general thickness and high-strength steel. General strength steel is divided into four grades of A, B, C and D; high-strength steel is divided into two strength grades and three quality grades; AH32, DH32, EH32, AH36, DH36, A514 grade E quenched and tempered steel, EH36. In order to ensure quality and ensure sufficient toughness of hull structural steel, the chemical composition of Mn / C is required to be above 2.5, and the carbon equivalent is also strictly required. Our Hull structural steel plates can be supplied with certificates from different classification societies.
The company's logistics and transportation department is responsible for developing high-quality third-party logistics companies, to coordinate and follow up the situation of steel materials transportation. Third-party logistics companies provide us with professional logistics services. With this logistics management method, the time for delivery of steel materials is faster, and the logistics service is professional, multifunctional and comprehensive.
In 2015, we participated in an tender for oil and casing pipe in Pakistan. Because of our professional service and company strength. The end user chose us as the final contractor of the project of 22000 meters pipes of different sizes production. It takes us about 3 months to produce all the pipes A514 grade E quenched and tempered steel . We use bulk vessel to ship the pipe to Karachi port. Our engineers went to Karachi port to inspect the condition along with the customer when ship arrive. The customer gave high appraise to the pipe quality and our service
A514 grade E quenched and tempered steel stock increased rapidly. The social stock of five kinds of steel products (screw steel, wire rod, hot rolled coil, cold rolled coil and medium and heavy plate) in major cities in China was 8.12 million tons at the end of January and 19.05 million tons at the end of February. By the middle of March, the social inventory was 20 million tons, an increase of 13.18 million tons or 193.3% over the end of December last year.
Our company is one of the famous steel suppliers in China, specializing in the production of steel plates, steel pipes and other steel products. If you are interested in steel products, or need to purchase a large number of A514 grade E quenched and tempered steel steel plates and pipes. Please contact our company directly, we will provide the most favorable price and the most perfect system, our employees have professional product knowledge. We hope to provide you with high quality products.
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