Hongkong EN steel grade S420N material Prices Forecast

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 S420N 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.

Pipeline steel refers to a type of steel with special requirements used for the transportation of oil, natural gas and other pipelines. Depending on the thickness and subsequent formation, pipeline steel can be produced by hot continuous rolling machines, furnace coil machines or plate machines, and formed into large-diameter steel pipe by spiral welding or UOE straight seam welding. The current development trend of EN steel grade S420N material pipeline engineering is large-diameter, high-pressure rich gas transportation, high cold and corrosive service environment, and thickening of submarine pipelines.

The predecessor of Ningbo port is Ningbo Port Authority. Ningbo port consists of Beilun port, Zhenhai port, Ningbo port, Daxie port and Chuanshan port. It is a multi-functional and comprehensive modern deep-water port integrating inland river port, estuary port and seaport.

In 2018, one of our India customers visit Zhengzhou office building and work shop to discuss carbon steel Q235B grind plate technical request. They have strict surface and thickness tolerance, and they also request UT and MT for testing for Q235B grind plate. As a result, they purchase 179 tons as trial order for first cooperation. After using the gind plate, the India customer has good comment on our EN steel grade S420N material quality. Till now, we keep exporting around 100 tons per month as regularly.

It is understood that resources in some markets have arrived normally recently and the overall EN steel grade S420N material inventory has begun to increase, but the overall inventory pressure of EN steel grade S420N material traders is still not large; secondly, the ex-factory prices of steel mills are firm, and EN steel grade S420N material agents are low in willingness to trade at low price under the support of high costs. On the whole, demand has not improved overall, but ordering costs are high and inventory pressure is controllable. It is expected that the EN steel grade S420N material prices may consolidate tomorrow.

We are known as EN steel grade S420N material 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 EN steel grade S420N material 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.

The company's quality is first, the price is reasonable, the construction period is guaranteed, and the purpose of abiding by the contract, our steel EN steel grade S420N material products have received high recognition from customers from the world. The company adheres to the operating principles of equality and mutual benefit and abides by the contract. We sincerely welcome you to visit us, negotiate business cooperation, enhance friendship, develop and expand trade.