In 2019, the output of pig iron in the world was 1.265 billion tons, with China accounting for 64%; the overseas output accounted for 36% (460 million tons), ranking 86.982 million tons of EU 28 countries, 74.907 million tons of Japan, 74.099 million tons of India, 73.264 million tons of CIS, and A514 grade B structural steel material 47.521 million tons of South Korea. In the first quarter, the global output was 311 million tons, with a year-on-year decrease of 0.5%, with China A514 grade B structural steel material increasing by 2.4%; the overseas output decreased by 5.4%, Among them, EU decreased by 9.2%, Japan increased by 1.3%, India decreased by 7.7%, CIS increased by 2.1%, and South Korea decreased by 4%.
ASTM A537 steel is a heat-treated carbon silicon manganese steel plate for ASTM pressure vessels, which is divided into 3 levels A537 CL1, A537 CL2, A537 CL3. A514 grade B structural steel material, A537 CL1 plates delivery status: normalizing; When the A537 CL1 plate thickness is ≤65mm, the yield strength is ≥345MPa, and the tensile strength is ≥485MPa. When the thickness is 65 - 100mm, the yield strength is ≥310MPa and the tensile strength is ≥450MPa.
The company's logistics department has the ability to monitor the whole process of logistics. We monitor the goods in transit through advanced information technology and communication technology, timely discover and handle problems in the transportation process, and ensure the steel materials are delivered to the destination in a timely and safe manner. The professional logistics team provides powerful support for good comments of customers and good reputation of the company.
The Indonesia INKA is the only train carriage maker for railway industry in Indonesia. We cooperated with them since 2012 and supply them SPA-H steel. The SPA-H steel is used by them to fabricate train carriage. We have huge stocks for SPA-H steel and can arrange delivery for them in short time after receiving order. Meanwhile, our product A514 grade B structural steel material quality has passed their test for so many times use. Therefore, they trust us and give us repeat orders regularly. And we also do our best to support them and have never let them down though past cooperations.
A 25 percent tariff on imports led to a temporary spike in steel prices last year but also hurt sales and profits at companies that buy steel, such as General Motors. And as manufacturers substituted other materials or cut production, A514 grade B structural steel material steel prices have fallen back to where they were before the tariffs and stock prices for the largest U.S. producers fell by as much as 47 percent, the New York Times reported Monday.
Our company stocks a wide range of hot rolled carbon steel plate distributed globally from our service centers in the U.S., Canada, Mexico, U.K, France, Shanghai, and Singapore. Customers calling for A514 grade B structural steel material A516 a lot of times are also trying to get their arms around forecast issues. As our customers continue to work on their forecasts, IRON & Steel has options to help you conduct structured forecast reviews and put inventory strategies in place to effectively manage any impact from forecast variability.
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