Supply heavy material 16mo3 composition impact toughness

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The company adopts modern management concept, adheres to “quality for survival, integrity for development”, and provides customers with high-quality and reliable 16Mo3 composition steel products and wholehearted service. The company continuously deepens the internal reform of the enterprise, innovates in the reform, develops in the innovation, and gradually forms a set of management and operation mechanism which adapts to the market and has strong competitiveness.

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Myanmar's demand for 16mo3 composition steel products is likely to exceed 3 million tons in 2020 and 5 million tons by 2025, according to seaisi. However, Myanmar's producers are unable to meet domestic demand, so the country's steel products are more dependent on imports. In 2019, Myanmar imported more than 1.9 million tons of 16mo3 composition finished steel, including 57% of long products, 13% of uncoated hot-rolled and cold-rolled flat products, and 30% of coated steel. In order to reduce its dependence on imports, Myanmar plans to increase its steel production capacity by building and expanding steel mills.

The market mentality tended to be cautious, and the market prices in most regions were adjusted in a narrow range. In terms of resources, the current market inventory continues to digest, but due to the high output of 16mo3 composition, and the off-season effect of downstream demand is still continuing, resulting in a slow de stocking speed. In the short term, in the case of poor shipment of high price resources and cautious market mentality, it is expected that the price of 16mo3 composition in the short term may be in weak consolidation operation.