Pakistan Steel Raw Materials Daily Prices S420MC steel for automotive industry

Steel S420MC steel for automotive industry exports fell sharply year on year. According to the data of the General Administration of customs, 7.811 million tons of steel were exported from January to February, a year-on-year decrease of 27.0%; 2.041 milli

Steel S420MC steel for automotive industry exports fell sharply year on year. According to the data of the General Administration of customs, 7.811 million tons of steel were exported from January to February, a year-on-year decrease of 27.0%; 2.041 million tons of imported steel, a year-on-year increase of 2.1%. Steel prices continue to fall. According to the monitoring of China Iron and Steel Industry Association, China's steel S420MC steel for automotive industry composite price index at the end of January was 105.48 points, down 0.58% month on month; at the end of February, the index continued to decline to 100.39 points, down 4.83% month on month.

The carbon tool steel thick plate is made of carbon tool steel and is made by hot rolling. This carbon tool steel has good cold and hot processing performance, high hardness and plastic resistance, low production cost and wide range of uses. S420MC steel for automotive industry, Carbon tool steel is usually delivered in an annealed or high temperature tempered state. It is mainly used to manufacture cutting tools, measuring tools and molds with low cutting speed, simple shape and low precision. The thickness of the steel plate is 4.5-25mm, and the width and length comply with GB709 regulations.

In particular, the EU imports a large amount of iron ore from central and South America and Oceania, which are mainly transported by sea. The perfect port infrastructure makes the port operation cost of EU iron ore raw materials import relatively low. However, the S420MC steel for automotive industry steel transportation between EU Member States is mainly railway transportation, and the EU member states have established a very developed railway network and railway information infrastructure.

Consumption of S420MC steel for automotive industry, finished steel products in Latin America in 2019 was 64.2 million tons, down by 5% compared to 67.6 million tons in 2018. The decline in steel consumption in the region reflects the contraction of Latin American economies, particularly the three major economies: Mexico, Argentina and Brazil. These three countries together accounted for 87% of the reduced steel consumption in Latin America. However, our steel materials export volume to those countries did not decrease but show a increasing tendency last year.

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