Hyundai Steel Co. has no plans to cut production further despite weak steel demand due to the coronavirus pandemic, the company's president said. Earlier this year, South Korea's second largest steelmaker reduced its ABS F36 hull steel plate annual production of hot rolled coils from 1 million tons previously to 700 thousand tons per year for EAFs. A turnaround is expected after the third quarter of this year. In the three months to March 31, Hyundai Steel had a net loss of 88.6 billion won ( million), up from 94.4 trillion won in net profit in the same period last year.
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The most remarkable characteristic of low alloy high strength steel is high strength. In hot rolling or normalizing state, the strength of low alloy high strength steel is generally 30% - 50% higher than that of corresponding carbon engineering structural steel, ABS F36 hull steel plate. Therefore, it can bear large load. Engineering structures are usually large or huge, and the weight of the component itself often becomes an important part of the load. When the strength of the structural material is improved, the self weight of the component can be significantly reduced, and its ability to bear other loads can be further improved.
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For low alloy high strength steel, the addition of small amounts of V, Ti, Nb, AI and other grain refining elements not only further improves the strength, but also improves the toughness of the steel. In ABS F36 hull steel plate, low alloy high strength steel, rare earth element Re is sometimes added to eliminate harmful impurities in the steel, improve the shape and distribution of inclusions, and weaken its cold brittleness. A small amount of alloying elements has a significant effect on improving the mechanical properties of steel. For example, adding only 1% Mn to Q235 becomes Q345 steel, but its strength increases by nearly 40% to 345 MPa.
Our steel products are widely used in petroleum and natural gas, chemical industry, shipbuilding, automobile manufacturing, power generation, mining, and other industries. The products ABS F36 hull steel plate are sold in more than 20 provinces, cities and all over the world. The company has strong technical force, complete production equipment, advanced production technology, perfect testing methods, and high-quality products.
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