ChinaEN steel grade S235J0 plates Steel Prices Struggle

According to the separate performance report released by India's Jindal stainless steel (Sisal) Co., Ltd. (JSHL), as of March 31, 2020, due to the global economic slowdown, epidemic situation, imports and other factors, its EN steel grade S235J0 plates stainless steel sales decreased by about 10% to 600000 tons from 667000 tons in the previous fiscal year, and its net sales decreased by nearly 7% to 83.396.9 billion rupees, with the same gross operating profit (EBITDA) After tax profit increased by 22.4% to 3.203 billion rupees. The adoption of the new tax system has a positive impact of RS 220 million on after tax profits.

Q960 quenched and tempered steel grade classification: Q960C, Q960D, Q960E, Q960F. The product EN steel grade S235J0 plates thickness is not more than 150MM. Q960 quenched and tempered steel has high yield strength and tensile strength, and its resistance to brittle failure is also great. Q960 quenched and tempered steel has excellent low temperature toughness, so it can be used in large welded structural parts and low temperature environments.

The company has huge steel EN steel grade S235J0 plates products stock all the year round to meet the urgent needs of customers. For stock products, we can arrange delivery within 3 days. The transportation department and shipping department shall coordinate and follow up to update the progress to customers regularly, i.e. where the goods have arrived, so as to let customers not worry and rest assured. Think about what the customers think and what the customers are anxious about, solve problems for customers efficiently and effectively, is the direction of our unremitting efforts.

Good news: In May 17th, 2018, the Myanmar navy's local representative visit our office and hot rolled plate production line, and sign another contract 2025 tons LR A shipbuilding steel plates EN steel grade S235J0 plates order in our office. With the fast development in Myanmar, Myanmar navy build frigate every year. Bebon cooperated with Myanmar Navy company from from 2015. They purchased 412 ton LR AH36 ship 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.

Due to the low level of futures trading, the business sentiment is slightly pessimistic. Affected by the market downturn, the purchasing power of downstream EN steel grade S235J0 plates users has decreased, and the mentality of looking down is gradually rising. Some businesses give up profits to promote transaction. The market trading atmosphere is still relatively light, the steel demand release is slow, and the terminal delivery capacity is weak. In addition, the market has been rising for two days, the downstream fear of heights is strong. The market has entered consolidation stage again. Considering the low inventory pressure, it is expected that EN steel grade S235J0 plates prices will fall down and adjust in some cases tomorrow.

Our focus on quality has helped us create an efficiently organised production system, which can supply large-scale piping orders as well as tailor-made orders for smaller clients. We have also created a sales and support network which stretches from Asia to Europe, UAE, South Africa and South America.

The company always insists on quality first. "Tolerance and trust, change and innovation, abide by rules, and focus on refining people" are the eternal credo of the team. Encouraged by the same creed and belief, BEBON people continue to grow and mature, and the team size is increasing expand. In the future, look beyond Chinese private steel companies to see BEBON. Looking to the future, we are not blindly pursuing bigger scale, but we are pursuing strength and brand strength.