We have A572 Gr 55 ms steel coil new cooperation projects with NNPC (Nigerian National Petroleum Corporation). Through tender, we got new order about oil tank plates for NNPC, and the tank plates will be used to build large oil tanks. This is not the first time we cooperated with NNPC, but it means much more to us than first time cooperation. It indicates our A572 Gr 55 ms steel coil tank plates quality has been well recognized by Nigeria market.
The use of low-alloy high-strength steel can reduce the size of structural parts and reduce weight. It must be noted that for components that may be bent, the allowable stress must be corrected to ensure the robustness of the structure. Sometimes low-alloy high-strength steel is used to replace A572 Gr 55 ms steel coil, carbon structural steel without changing the cross-sectional size. Its sole purpose is to obtain a stronger and more durable structure without increasing weight.
We have transportation department and shipping department to coordinate logistics and delivery. Seamless connection between inland transportation and sea transportation ensures smooth delivery, saves transportation time and delivers goods in the first time. During the sea transportation, we will update the freight progress for customers on a regular basis, so as to facilitate the tracking of customers and make preparations for receiving goods leisurely and timely.
We have lots of successful cases, for example in July 2015, we exported 5714 tons ASTM A36 mild steel plate to Peru. After receiving the plates and putting then into use, our customer spoke highly of the ASTM A36 mild steel plate quality. In addition, the customer also introduced us an Venezuela customer, who bought 933 tons A36 steel A572 Gr 55 ms steel coil plate from us. And then in Mar. 2016, due to the first cooperation in July 2015 is very successful. The customer is very satisfied with our product quality and comprehensive service. This time, the customer place an 3989 tons order directly.
In terms of inventory, the recent arrival of new A572 Gr 55 ms steel coil resources is relatively small. Due to the high ordering cost, the weakening of merchants' purchasing enthusiasm, and the rapid production of steel mills, resulting in the shortage of some A572 Gr 55 ms steel coil specifications. On the whole, the market has a strong wait-and-see mood. The ex factory prices of steel mills are strong and some resources are in short supply. It is expected that A572 Gr 55 ms steel coil prices will continue the high consolidation operation tomorrow.
We have replenish steel materials stocks, now there are huge stocks of S355JR, A36, A572 Gr 55 ms steel coil A572 Gr 50, 16Mo3, A516 Gr 70, ABS grade A, AH32, AH36, EH36, SPA-H, SG295,SM700C etc steel materials. We can arrange delivery for those stock steel products within short time. Meanwhile, we also provide further processing for the A572 Gr 55 ms steel coil steel materials, such as cutting, drilling, bending, welding, etc. Please do not hesitate to contact us if you have any steel demands.
The company revolves around the long-term strategy of "building a quality base and building a century-long BEBON", adheres to the development ideas of innovation, transformation, and improvement, vigorously promotes transformation and upgrading, structural adjustment, energy conservation and emission reduction, and strives to create high-quality steel with strong core competitiveness and distinctive features The production base has become a green steel city with intensive land use, clean production, efficient use of resources, harmonious and friendly production and environment, business and society, and BEBON characteristics.
