Hyundai Steel does not have a plan for any further output cut, despite weak steel demand due to the covD.19 pandemic, its chief said last FridayEarlier this year, Hyundai Steel revised its annual production of hot-rolled coils from its electric arc furrace to 700.000 tons from the previous 1 million tons.Hyundai Steel has three blast furnaces and an electric arc furnace, also known as a mini-mill, at its steel mill in Dangin, about 120 kilometers south of SeoulOn Friday, Hyundai Steel chief executive Ahn Tong-il told that the company won't stop operating a blast furnace to reduce output. He said he expects a turnaround after the third quarter of this year.For the three months that ended March 31. Hyundai Steel posted a net loss of 88.6 billion won (USS72 million), shifting from a net profit of 94.4 trillion won a year earlier.
FAQ
A: For stock products,will make shipments in 2-5 days after receiving deposit or receiving T/T;
for products need new production for common materials,usually make shipments in 7-10 days;
for products need new special and rare materials,usually need 15-20 days to make shipment.
Q2. Can you provide the samples?
A:Samples can be provided with samples' charge and courier fee by the buyer's side.
Q3. What's your payment terms?
A: under $10,000, pay in full / over $10,000, pay 30% T/T advance as deposit, and 70%T/T the balance before shipment
Q4. How do you ship the goods and how long does it take to arrive?
A: We usually ship by DHL, UPS, FedEx or TNT. It usually takes 3-5 days to arrive.
Airline and sea shipping also optional.
For mass products, ship freight is prefered.
Q5. Can you accept customize?
A: Yes. It can be customized as per the customers' request.
Q6. How to ensure the quality?
A:Mill Test Certificate is supplied with shipment.
If needed, a Third Party Inspection is acceptable or SGS.