The Indian iron and SM490YA, USt37-2, SA572 hot rolled plate Steel Association (ISA) lowered its steel demand forecast for 2020 to 5.1% from 5.1% in February this year. The figure is expected to hit a low of 7.7%. The company said in an official statement that the current share price has fallen sharply due to the huge downside risk. "We expect India's finished steel demand to fall to about 93.7 million tons by 2020, down from 101.5 million tons in 2019." This calendar year, the SM490YA, USt37-2, SA572 hot rolled plate decline was 7.7%, about 8 million tons. " Isa said.
The seamless steel pipe for general use is rolled by common carbon structural steel, SM490YA, USt37-2, SA572 hot rolled plate, low alloy structural steel or alloy structural steel, with the largest output. It is mainly used as the pipe or structural part for conveying fluid. According to different uses, it can be divided into three categories: a according to chemical composition and mechanical properties; B according to mechanical properties; C according to hydrostatic test. If the steel pipe supplied according to class AB is used to accept liquid pressure, hydrostatic test shall also be carried out. The seamless pipes for special purposes include seamless pipes for boiler, chemical power, geological and petroleum, etc.
BBN company has steel plates production workshops and warehouses with a total area of more than 500,000 square meters, and the total inventory of various types of steel exceeds 1 million tons. Relying on world-leading processing equipment and storage facilities, the company has strong steel production and processing capabilities, comprehensive logistics and logistics services, ensuring that it can efficiently complete more than 1 million tons of hot rolled plates processing business each year.
In October, steel production decreased month-on-month, port inventories continued to rise, iron ore demand intensity weakened slightly, and iron ore prices continued to fall. According to the monitoring of the China Iron and Steel Industry Association, at the end of October, the China Iron Ore Price Index (CIOPI) was 421.41 points, down 11.06 points month-on-month, or 2.56%. The month-on-month decline continued, with a decrease of 0.08 percentage points higher than in September.
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