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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 16mo3 pipe 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.
Available steel plates: carbon structural steel, low-alloy high-strength steel, steel plates for bridges, steel for building structures, steel angles for shipbuilding and offshore platforms, steel sheets for boilers and pressure vessels, 16mo3 pipe steel plates for molds, steel plates and strips for alloy structures, corrosion-resistant steel, wear-resistant steel, pipeline steel for oil and gas transportation.There are more than 300 domestic and foreign steel grades in our supply list.
The company's logistics team adheres to the development concept of “gathering advantages, providing superior services, creating value, and leading the market”, and tightly focuses on the strategic positioning of “developing large-scale steel logistics and building large-scale steel supermarkets”. Facing the whole country and integrating into the world to build an "one center, one network" international circulation system. Through the development of 5-10 years, it is expected to form a modern steel industry with annual operating income exceeding 2.5 billion yuan.
LSAW Pipe to Peru. In the beginning of 2014, Peru government released an international tender for one of the hydroelectric power plant. Finally they chose us as the contractor, we purchased the steel plate and then fabricate the 16mo3 pipe steel plate into steel pipe, and then make the corrosion protect on the surface, we also supply the fitting with our steel plate, the total value of this order is about 2 million USD.
It is reported that during the period from the end of 2018 to the first quarter of 2019, some Japanese long process steel mills encountered a series of production line equipment failures, resulting in the overall output decline. Japanese 16mo3 pipe steel mills must give priority to domestic customers, so the export volume in the first half of last year was relatively small. Meanwhile, in the first half of the year, Japan's imports of general 16mo3 pipe steel were about 2.079 million tons, down 16.4% year-on-year; imports of special steel were about 332000 tons, down 14.2% year-on-year.
our company is a professional 16mo3 pipe API 5CT N80 casing pipe steel exporter and a steel Stockist in china. We keep more than 1000 tons API 5CT N80 casing pipe steel in stock every month. If you want to get the API 5CT N80 casing pipe steel price, please do not hesitate to contact us. Any need in API 5CT N80 casing pipe 16mo3 pipe Chemical Composition and Mechanical Properties, please feel free to contact us by email or calling to us.
In 2019, through the concerted cooperation of the enterprise team, the sales volume has grown steadily, and the annual sales volume has exceeded 300 million yuan. For this reason, both the investors and employees of the enterprise have received satisfactory returns. With strong development potential and brand advantages, we have always been committed to "integrity, efficiency, pragmatism, dedication" corporate spirit, dedication to society, and return to the public. From this perspective, the enterprise will have a bright future. In a good environment with strong hardware facilities and excellent management personnel, we can make sure that the company will develop stronger and bigger.
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