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 SA283 Grade C equivalent astm 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.
Q960D quenched and tempered high-strength steel is used to make pressure shell parts, deep tide lifesavers, high-pressure structural parts, aerospace equipment, armored vehicles, and manufacturing various engineering machinery, such as drilling rigs, electric shovel, and Electric wheel dump trucks, mining trucks, excavators, loaders, bulldozers, various cranes, coal mine hydraulic supports and other mechanical equipment and wear-resistant structural parts.
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.
A few days ago, the relevant person in charge of China National Railway Group Co., Ltd. introduced that since the 18th National Congress of the Communist Party of China, 14 concentrated contiguous poverty-stricken areas, including old and poor, have completed a total of 3.3 trillion yuan in railway infrastructure investment, accounting for 78% of the total railway infrastructure investment; 36,000 kilometers of new lines were put into operation (20,000 kilometers of high-speed rail), accounting for 83% of the new lines put into operation in the country. Up to now, the railway network and 154 trackless stations on the whole road cover about 600 national-level poverty-stricken counties, accounting for 73% of the country's 832 poverty-stricken counties.
We are known as SA283 Grade C equivalent astm leading manufacturers, suppliers and exporters in the market all over the world. We engage in providing a wide range of plates which are accurately mass produced by using the best quality of parts which gives maximum durability and dependability. The most important thing to know as a potential customer of IRON&STEEL is that we SA283 Grade C equivalent astm stock, processing service, and distribute all of the popular grades of carbon steel plate, alloy steel, shipbuilding steel and boiler steel. Welcome to come China and visit our factory.