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 ASTM A573 structural steel carbon plate 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.
Our company's technical department is the core department of the whole company. There are a group of very professional technical personnel. They provide some architectural drawings according to the ideas of customers, and they are responsible for how to select the right materials. Including the evaluation of steel products such as multi steel plate, ASTM A573 structural steel carbon plate and steel pipe, grasp the whole production process, and strictly follow the production standards and customer quality requirements.
ASTM A36 is a common mild steel(carbon structure steel grade). It is widely used in morden industry owning to its cheapest rolling cost and easiest welding. ASTM A573 structural steel carbon plate, ASTM A36 mild steel is equivalent to grade Q235B under Chinese steel standard, grade S235JR under European steel standard EN 10025-2, grade SS400 in Japanese steel standard. These mild steel plates and sections are commonly bolted and riveted in structural applications.
ASTM A573 structural steel carbon plate, Low alloy steel plate is a general designation, mainly refers to the steel plate with alloy content less than 3.5%. Alloy steel in the market is distinguished by the total amount of alloy elements, mainly including low alloy steel, medium alloy steel and high alloy steel. When the total alloy amount is less than 3.5%, it is called low alloy steel; if the total alloy amount is 5-10%, it is medium alloy steel; and when the total alloy amount is more than 10%, it is high alloy steel.
The Philiphine customer is our old customer, and they are engaged in offshore oilfield resources drilling projects. Thus they have regular steel demands. They ordered 1008 tons API 5L grade B ERW pipes and Q345B seamless pipes from us in April 2018. And told us that is a regular demand almost every two month. Since our first success cooperation, we have cooperated with each other regularly. And they also bring us new opportunities and signification in Philippians market.
The company's products ASTM A573 structural steel carbon plate have excellent quality, reasonable prices and strong usability, and are well received by users. Survive by quality, expand the market with integrity, continuously research and develop new products, expand varieties, to meet market demand, and make the company continue to grow. The needs and interests of users are our high philosophy of service and commitment, and customer satisfaction is our eternal pursuit.
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