A514 grade E steel material heavy plate production line

According to the economic development trend in Asia and the economic development of China, India, Japan and ASEAN, it is estimated that the steel consumption in Asia will be 1228 million tons in 2019, with a year-on-year growth of 6.6%; the A514 grade E steel material steel demand in Asia in 2020 is predicted to be 1.241 billion tons, with a year-on-year growth of 1.1%. According to the A514 grade E steel material economic development of Europe, it is estimated that the steel consumption in Europe will be 202 million tons in 2019, with a year-on-year decrease of 3.3%; the steel demand in Europe in 2020 is predicted to be 205 million tons, with a year-on-year growth of 1.5%.

ASTM A514 steel is mainly used in places where high tensile strength and high yield are required, such as engineering vehicle lifting gears, large excavators, offshore platforms, etc. Different grades of A514 steel plate have different thickness, chemical composition and properties. However, the A514 grade E steel material mechanical properties specified in ASTM A514 are similar to those of Q690 in China. A514 grade Q is generally used as the rack for offshore platform. Its hardness is between 230-390MPa, yield is greater than 630MPa, and tensile strength is more than 700MPa.

Facing the new situation and facing new goals, the company revolves around the sixteen-character development policy of “prioritizing production preservation, society-oriented, market operation, and brand creation and efficiency”. Layout the country in accordance with the modern logistics model, and accelerate the establishment of a modern integrated steel enterprise integrating steel storage, transportation, processing, and distribution.

With the fast development in Myanmar, Myanmar navy build frigate every year. Bebon Cooperate with Myanmar Navy from from 2015. They purchased 412 ton A514 grade E steel material LR AH36 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. In May,2018, the Myanmar navy's local representative visit our office and production line, and sign another contract 2025 tons A514 grade E steel material LR A shipbuilding steel plates order in our office.

The demand for iron ore from steel production has weakened. As China’s domestic market enters the off-season for consumption, the demand for iron ore from steel production will weaken to a certain extent. Affected by the fall and winter environmental protection production restrictions and the expected release of national scrap steel standards at the end of the year, the market outlook is expected to decline and prices will not rise Shows a volatile downward trend. Steel production declined slightly, and the demand for iron ore weakened.

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With the development of China's market economy, the company vigorously implements the strategy of industrialization, internationalization and diversification, promotes the group operation, intensive development and lean management, and through a rich series of products and project portfolio as well as a complete operation network, Build the company into a modern enterprise with scientific development concept, continuous innovation vitality, excellent corporate culture, strong sense of social responsibility and international first-class competitiveness.