We have built solid cooperation with Myanmar Navy since 2015, starting from a try order about 412 tons LR AH36 shipbuilding steel plates. Myanmar navy builds frigate every year and book shipbuilding steel materials from us regularly. This time, the Myanmar navy's local representative visit us and put another order about 2025 tons LR grade A steel plates. According to clients requirements, we arranged GL-A hot-rolled steel strip SGS inspection for the LR grade A steel plates before shipping and send them inspection report.
Compared with thick steel plates, GL-A hot-rolled steel strip, thin steel plates have many obvious advantages in steel plate processing and use. It is precisely these advantages of thin steel plates that make them more and more popular in various industries. First, compared to those thicker steel plate materials, thin steel plates are generally thinner in thickness. Thin steel plates themselves are lighter and thinner, and their weight is lighter, which is very convenient for handling during construction and transportation. It can save some storage and transportation space.
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 GL-A hot-rolled steel strip 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.
The company covers an area of 15,000 square meters and the plant construction area is 10,000 square meters. We have introduced more than 50 sets of advanced GL-A hot-rolled steel strip production equipment, auxiliary equipment and testing equipment at home and abroad, more than 260 employees, more than 20 middle and senior management staff, more than 10 professional and technical personnel, annual production capacity of 100,000 tons. Main products: flat steel, GL-A hot-rolled steel strip steel pipe, steel plate, section steel, steel structure processing parts, etc. We also accept incoming materials and annealing processing.
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