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 ABS D40 submarine hull steel 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.
API 5CT Casing pipes ABS D40 submarine hull steel supplied by BBN is mostly used in well structure building. Good quality API 5CT casing pipe could ensure well structure stability, isolate water and sand from tube working area, so drilling, oil production and other operations can be taken with no contamination. We can provide ABS D40 submarine hull steel you conductor casing pipe, surface casing pipe, intermediate casing pipe, production casing pipe.
The company's logistics department has the ability to monitor the whole process of logistics. We monitor the goods in transit through advanced information technology and communication technology, timely discover and handle problems in the transportation process, and ensure the steel materials are delivered to the destination in a timely and safe manner. The professional logistics team provides powerful support for good comments of customers and good reputation of the company.
In April 2018, our Philiphine customer purchased 1008 Tons API5L Gr.B ERW&Q345B SMLS pipe for offshore oil field 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.
Today, the domestic financial market generally recovered, boosting market confidence, the purchasing activity increased, and ABS D40 submarine hull steel prices rose. At present, the current steel production enthusiasm is high, ABS D40 submarine hull steel production continues to maintain a high level. At the same time, the market has certain expectations for the release of demand in the peak season, and ABS D40 submarine hull steel consumption is expected to improve in the later stage. Under the prosperous supply and demand, it is expected that the short-term ABS D40 submarine hull steel prices will be strong.
The company is mainly engaged in ABS D40 submarine hull steel steel plates manufacturing and deep processing, sales and distribution. It is committed to building a complete modern steel purchase and sale network. Here we would like to express our sincere gratitude to our old and new friends who have always given care, support, affirmation and help, and sincerely hope to establish a long-term cooperative relationship with them for mutual benefit, win-win and common development, and work ABS D40 submarine hull steel together for a better tomorrow.
We had a wonderful trip in Phuket Island, Thailand. At the end of 2019, in order to thank employees for their hard work for a year and enrich their lives, our company organized a pleasant trip to Phuket Island, Thailand. The tour lasted 6 days and 5 nights, and returned by plane on the evening of December 27. We took off in Zhengzhou at about 5 o'clock in the afternoon on the 22th December.
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