South Korea's Hyundai-Steel is now boosting its profitability of thick plates for ship from Japanese market, which requests for complicated specifications.
Hyundai-Steel, which began producing thick plates for ship last April, sealed the contract with one Japanese shipbuilder in H1. Also, additional orders from other three shipyards are planned to be penned in the second half. Three shipyards are now testing Hyundai-Steel's thick plates.
Total supply to four of Japanese shipbuilders amounts at least 10,000t.
Dangjin-based Steel producer has promoted technology exchanges with shipbuilders in Japan after winning orders. Furthermore, Hyundai-Steel is spurring itself to increase orders in Japan where is more price-competitive than other foreign markets.
Hyundai-Steel can produce about 1.5m tons of thick plates in a year and has classified by 10 of classification society in a world for thick-plates products, like rolled steel for general structure, TMCP (Thermo Mechanical Control Process), etc.
Published : July 21, 2011