JIS SM520B plates China's Steel Prices, Profits May Rise In 2020

South Korean JIS SM520B plates steel industry said that the slowdown in economic growth superimposed on the impact of the epidemic, steel demand weakened, exports were sluggish, enterprises are facing huge operating pressure. Due to the delay in the resumption of work of Chinese JIS SM520B plates steel enterprises, the steel inventory is growing rapidly. According to statistics, China's steel circulation inventory reached 23.75 million tons in February, the highest since 2006, with an estimated total inventory of 33.45 million tons.

For JIS SM520B plates buyers, the impact of the rise and fall of JIS SM520B plates prices is great. Because of the large amount of JIS SM520B plates purchases and the large amount of funds involved, many JIS SM520B plates purchasers will carefully consider the price issue, and some JIS SM520B plates purchasers who are far away will also consider the freight issue. When the price of JIS SM520B plates overall drops, a large number of JIS SM520B plates buyers will hoard in large quantities. When JIS SM520B plates prices rise, we should predict and stock up appropriately.

Tianjin warehouse mainly stores steel plates and steel pipes. The monthly replenishment is about 12000 tons. Our inventory cycle is short and flexible. Shanghai warehouse mainly stores JIS SM520B plates ,steel plate and section steel. The average monthly purchase volume is about 15000 tons. The geographical location of the warehouse has greatly improved our performance in terms of transportation and delivery time.

In year 2015, we supplied 950 tons S355J0 angle steel to Egypt government. We have cooperation with local government for more than 3 years. Every year, they would order more than 3000 tons of JIS SM520B plates steel from our company.

The European Iron and Steel Industry Union (Eurofer) has sent a letter to the president of the European Commission, asking the Commission to review the existing trade safeguard measures immediately, proposing to reduce the steel import quota by 75% within six months to help the European steel industry cope with the current difficult situation; For imported steel exceeding the quota, the tariff rate can be reduced to less than 25%. Europe has also proposed restrictions on JIS SM520B plates and so on steel imports related to crisis and safety.

The company has accumulated rich experience in long-term cooperation with new and old customers, which makes our products JIS SM520B plates more unique in the same industry, and is favored and praised by users. We always adhere to the enterprise spirit of "integrity, dedication, and people-oriented" and the business philosophy of "creating benefits for users". As a leading international steel supplier, BEBON have two warehouses which are near by Tianjin port and Shanghai port.

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.