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 A709 grade 50W bridge steel plate 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.
IS 2062 E450 BR plates which have the quality of good tensile strength, excellent thickness, good elongation, good yield strength. We provide high-end finished products which have accurate dimensions, good durability i.e complete customer satisfaction. Our A709 grade 50W bridge steel plate plates have different applications in a number of industries such as paper, chemical, natural gas, cement industries, oils, shipbuilding etc.
As we all know, steel pipes occupy more space in the process of transportation. If there is no good way of packing, the transportation cost for steel pipes will be a big expense. In view of this characteristic, our company is ingenious and adopts the nest package method to solve this problem perfectly. The premise of the nest package is that the diameters of the steel pipes are different, and the small diameter pipe is inserted in the large diameter pipe. This not only saves the volume, but also saves the transportation cost. It also reduces the loading and unloading workload by half, saves precious time, and enables customers to receive goods earlier.
Good news: In May 17th, 2018, the Myanmar navy's local representative visit our office and hot rolled plate production line, and sign another contract 2025 tons LR A shipbuilding steel plates A709 grade 50W bridge steel plate order in our office. With the fast development in Myanmar, Myanmar navy build frigate every year. Bebon cooperated with Myanmar Navy company from from 2015. They purchased 412 ton LR AH36 ship steel plate from Bebon as trial order in 2015. After receiving the goods, they speak highly of the quality and bebon's service. After that they purchase the shipbuilding steel plate from bebon regularly.
According to the monitoring of the Iron and Steel Association, at the end of October, the China Steel Price Index (CSPI) was 107.34 points, an increase of 1.24 points or 1.17% from the end of last year; the price of CIOPI imported iron ore during the same period was US6.38/ton, an increase of US.86/ton from the previous month, an increase of 28.57%. The price increase of iron ore is significantly greater than that of steel, and the impact on the production costs of steel companies will gradually become apparent, greatly reducing corporate profitability.
Keep close relationship with all manufacturers and users, cooperate sincerely, share weal and woe together. We are deeply tolerant of travelling with you! We value and value each other's career and friendship. No matter when and where, all our staff will spare no effort to put into the work, and do their best to provide A709 grade 50W bridge steel plate satisfactory services for all friends, so as to achieve win-win and multi win for each other.
The company always insists on quality first. "Tolerance and trust, change and innovation, abide by rules, and focus on refining people" are the eternal credo of the team. Encouraged by the same creed and belief, BEBON people continue to grow and mature, and the team size is increasing expand. In the future, look beyond Chinese private steel companies to see BEBON. Looking to the future, we are not blindly pursuing bigger scale, but we are pursuing strength and brand strength.
