Forecast of A572 Gr 60 carbon steel material coil price

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 A572 Gr 60 carbon steel material 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.

The types of carbon steel are basically as the following: A572 Gr 60 carbon steel material, Carbon structural steel, which is mainly used in various projects. High-quality carbon structural steel, whose main purpose is for important parts. Carbon tool steel, which is mainly used to make various small tools. Cast carbon steel parts for general engineering, which are mainly used for complex parts that are difficult to form by forging and other methods and require high mechanical properties.

Management information and high efficiency. Because of the rapid flow of A572 Gr 60 carbon steel material goods, container multimodal transport and "door-to-door" transport, it is required that the port must have a modern information network, so that it can have the comprehensive capabilities of all-weather access, rapid loading and unloading, customs clearance, collection, distribution, storage and transportation

We exported 2150 Tons SG295 steel coils to Sudan. The Sudan customer is LPG cylinder manufacturer. Before our cooperation, he usually purchased SG295 steel coils from UAE and Turkey. And he got to know our company through our regular customers in Uganda, UAE, and his friends in China. Then he gave us the order. We invited the customer to visit us before contract, but he insisted to visit us when the A572 Gr 60 carbon steel material goods are finished production. After inspecting the size, package in workshop and witness the lab test for the SG295 steel coils, the customer was very satisfied to our quality control and professional arrangement.

According to A572 Gr 60 carbon steel material traders in some regions, the downstream purchasing sentiment is maintained, the inventory resources are relatively small, and the A572 Gr 60 carbon steel material traders are more willing to strike a deal; in addition, the domestic steel mills have issued guidance prices recently, and the long-term upward range is large, which has a boosting effect on the market. In addition, there are A572 Gr 60 carbon steel material production line maintenance at the end of the month, so the supply side is tight. Overall, the short-term forecast for A572 Gr 60 carbon steel material will fluctuate mainly upwards tomorrow.

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