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 ASTM A573 Grade 65(A573 Gr 6
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 ASTM A573 Grade 65(A573 Gr 6
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 ASTM A573 Grade 65(A573 Gr 65) steel 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.
ASTM A573 Grade 65(A573 Gr 65) steel, EN 10025 E355 steel plate / sheet is suitable for general building steel. Chemical composition and mechanical properties of EN 10025 E355 steel. EN 10025 E355 steel conforms to EN 10025 standard, equivalent to DIN 17100: ST60-2, NFA: a60-2, UNI 7070: FE590 steel grade.
According to GBT3077, 42CrMo steel chemical composition should be within the range (%): 42CrMo carbon content is 0.38-0.45 (C), Silicon content is 0.17-0.37 (Si), Manganese content is 0.50-0.80 (Mn), Chrome content is 0.90-1.20 (Cr), Molybdenum content is 0.15-0.25 (Mo). The high Cr content contrivutes to high strength of 42CrMo steel, with min. yield strength of 930 Mpa, and min. tensile strength of 1080 Mpa. The common heat treatment for ASTM A573 Grade 65(A573 Gr 65) steel, 42CrMo steel is quenching and tempering.
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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