Nippon Steel Considers Sale Of Two U.S. Plants In Global Restructuring

- Oct 19, 2020-

Nippon Steel Corp. is considering selling off is wo automotive steel plants in the U.S. state of Indiana as par of global restructuring given a slump in demand amid the COVID-19 pandemic, a company source said on Wednesday.Because its partner ArcelorMittal S.A., which jointly owns a company running the two plants. has decided to sell its share to a U.S. steel-maker, the leading Japanese steel-maker is thinkina of following suit. the source said.With the COVID-19 pandemic dealing a fresh blow to an industry already struggling with fierce competition from Chinese rivals, Nippon Steel had already announced it will close a plant in Kure, Hiroshima Prefecture.by September 2023 to slash costs and improve profitabilityThe planned massive restructuring to cut back domestic outout will result in a reduction of Nippon Steel's annual output capacity by around 5 million tons, while generating a profit of roughly ¥ 10 billion (S95 million) according to the company.The world's No. 3 steel producer is focusing more on growing overseas markets, and last year bought Indiar steel-maker Essar Steel India Ltd. jointly with world No. 1 ArcelorMittal.


Product Description


 

Product
api 5l psl1 psl2 x42 x56 x60 pipe material ssaw 18 inch pipe
Standard
API 5L/ASTM A53
Grade
Gr.B/X42/X56
Technique
SAW 
OD mm
219.1mm-3200mm
WT mm
5mm-25.4mm
Length
5.8m/6m/11.8m/12m/DRL/SRL/Random Length
Surface
2LPE Coating/3LPE Coating/FBE Coating
Inspection
BV,SGS etc.
Place of origin
China (Mainland)
Application
1.Fluid Pipe
2.Oil Pipe
3.Gas Pipe
4.Pile Tubes
5.Structure Pipe
6.Fertilizer tube etc
Packing
Bulk
Trade Terms
FOB,CFR,CIF,CIP etc
Payment Term
1.30% TT advance and the balance paid after inspection
2.LC at sight
Delivery Time
15-30 working days after received advance payment or LC

Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.

No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.

CSPG  has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation. 


We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.

 

 


Q: Are you Manufacturer or Trading Company? A: We are factory of Spiral Welded Steel Pipe since 1997, Till Now we have 13 produce Lines, .Can produce 219.1mm-3200mm Spiral Welded Steel PipeQ: Do you have Stock or Ready to Ship Spiral Welded Steel Pipe? A: Yes, we have about 20,000 Tons stock every time, shortest delivery time Q:What’s your payment? A:We accept TT and LC payment Q: Do you have any promotions? A:Yes, we have promotions all times as following:  50% TT deposit and the balance will be paid before delivery, promotions is $7/Ton 100% TT deposit , promotions is $15/Ton