Chinanm400 steel equivalent Steel Prices Struggle

The Indian iron and NM400 steel equivalent Steel Association (ISA) lowered its steel demand forecast for 2020 to 5.1% from 5.1% in February this year. The figure is expected to hit a low of 7.7%. The company said in an official statement that the current share price has fallen sharply due to the huge downside risk. "We expect India's finished steel demand to fall to about 93.7 million tons by 2020, down from 101.5 million tons in 2019." This calendar year, the NM400 steel equivalent decline was 7.7%, about 8 million tons. " Isa said.

NM400 steel equivalent product is a low-alloy high-strength steel that adds a small amount of alloying elements to general steel to make it have corrosion resistance in the atmosphere. Weathering steel has 2-8 times the atmospheric corrosion resistance of ordinary carbon steel, and the longer the service time, the better the corrosion resistance. In addition to excellent weather resistance, weathering steel also has excellent mechanical and welding functions.

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Myanmar 4800 tons ABS AH36 and ABS A shipbuilding plates. This is very good customer of us, and we have cooperated many times for shipbuilding plates NM400 steel equivalent . The most frequently ordered is shipbuilding plates, almost hundreds tons every 2 month, which are finally supplied to Myanmar’s navy. Just in last year, we have supplier more than 4800 tons shipbuilding plates for the customer continuously.

As the basic industry of the national economy, the steel industry is one of the most internationally competitive industries in my country. Li Xinchuang said: "During the new crown pneumonia epidemic, foreign steel companies have reduced production, suspended production or even shut down and withdrawn, while Chinese steel companies have basically maintained full capacity production, playing the role of 'ballast stone' in ensuring supply, protecting people's livelihood, and ensuring development."

As leading EN10025-6 S460QL structural steel plates supplier in China, our company has supplied hundreds of thousands tons S460QL steel plates to clients to assist them finish one after another NM400 steel equivalent magnificent projects.

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