One person familiar with the situation said Germany's ailing ThyssenKrupp Group was in talks with its international counterparts to merge its loss making BV FH40 marine steel material steel business. The talks will be announced Monday as part of a strategic reform that could include closing or selling assets. Previously, ThyssenKrupp steel Europe, Germany's largest steelmaker, announced a loss in the first half of the group three point seven two 100 million euros four point zero two Billion US dollars). ThyssenKrupp has continued to advocate the benefits of BV FH40 marine steel material steel integration since it abandoned its joint venture with Tata Steel a year ago to sell its precious elevator division.
Shipbuilding steel plates are used to manufacture marine and inland watercraft hulls, requiring high strength, plasticity, toughness, cold bending performance, welding performance, and corrosion resistance. The company provides common shipboard grades such as Grade A, Grade B, Grade D, Grade E, Grade AH32, AH36, AH40, DH32, DH36, DH40, EH32, EH36, EH40, FH32, BV FH40 marine steel material FH36, FH40.
The company's logistics adopts the method of cooperation with logistics companies. As a third-party logistics company is engaged in the operation of multiple logistics projects, it can integrate various logistics resources, making the logistics operation cost relatively low and the logistics operations more efficient. Thus we can provide more professional logistics services, while also focusing on our core business of steel materials.
The Qatar Railways company launched a tender for designing ,construction and completion of Green Line Project. Our company has participated in the bidding from Qatar Railway Company since May, 2016. A delegation from project visited several famous BV FH40 marine steel material pipe mill in China for 15 days in July,2016. Of course the delegations had visited our pipe mill.
The Brazil steel is facing a "crisis of demand" as the epidemic of new crown pneumonia spreads in Brazil. The demand for BV FH40 marine steel material and so on steel will be reduced by 50% in April. The demand for the second quarter will be 40% lower than that in the first quarter. The demand for this year will be reduced by 20% compared with the same period this year. In 2019, Brazil's apparent steel consumption was 20.6 million tons, a year-on-year decrease of 2.7%; crude steel production dropped to 32.33 million tons, the lowest since 2016 (30.2 million tons).
We have a professional production team and high-quality production equipment, and we also have a great BV FH40 marine steel material advantage in price, with its own factory, large-scale production to reduce the price. Strictly control each production line to ensure the BV FH40 marine steel material production of high-quality steel plates, steel pipes and other products that meet customer requirements.
The company revolves around the long-term strategy of "building a quality base and building a century-long BEBON", adheres to the development ideas of innovation, transformation, and improvement, vigorously promotes transformation and upgrading, structural adjustment, energy conservation and emission reduction, and strives to create high-quality steel with strong core competitiveness and distinctive features The production base has become a green steel city with intensive land use, clean production, efficient use of resources, harmonious and friendly production and environment, business and society, and BEBON characteristics.
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