Carbon steel elongation of nm500 material market analysis 2020.11.04

India began to implement the national blockade measures on March 25. After two extensions, the national blockade measures have been implemented for nearly 50 days, which has a huge impact on the elongation of NM500 material economy. To that end, modi said in a televised speech on the evening of the 12th that India will launch a total of 20 trillion Indian rupees one point eight eight Trillion yuan). This elongation of NM500 material is equivalent to 10% of India's GDP.

Low alloy steel plate was originally developed for large diameter oil and gas pipeline in 1960s. Pipeline steel materials used in oil and gas projects require higher strength and toughness than low carbon steel, and have good weldability just the same as low carbon steel.Advantages: elongation of NM500 material, Low alloy steel plate has superior performance and light weight.Disadvantages: Low alloy steel plate is killed steel, so the price will be more expensive.

Our company's logistics breaks through the perspective that the center of transportation service is ability, and emphasizes that the purpose of transportation service is customer first. Customer demand determines the content and mode of transportation service, while production is often small batch, diversified and consumer demand tends to be diversified. In the case of personalization, our logistics service also provides personalized service projects.

In April 2018, our Philiphine customer purchased 1008 Tons API5 L Gr.B ERW&Q345B SMLS pipe elongation of NM500 material for offshore oildfield resources drilling project. This is a regular demand almost two month, and we has been cooperated more than three times, totally around 2100 tons steel pipe since 2015 year.

Recently, the price of elongation of NM500 material raw materials has been strong, the mainstream steel mills have raised the price, and the cost of taking goods by elongation of NM500 material merchants has risen. In addition, macro capital will still have a disturbance to the market, and the current wait-and-see sentiment of downstream and middlemen is strong. On the whole, the steel market is intertwined with many spaces, and the supply and demand fundamentals are generally in a weak balance pattern. High inventory suppresses the price of elongation of NM500 material steel, and high cost supports the price of elongation of NM500 material steel, while macro capital also disturbs the market from time to time. In the short term, the market wait-and-see sentiment is strong, elongation of NM500 material steel prices or continue to fluctuate, the range of rise and fall are limited.

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 elongation of NM500 material magnificent projects.

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