High carbon steels contain from 0.7 to 1.00% C with manganese ranging from 0.5% to 0.9% This steels are commonly known as spring steel. These steels are generally operated at very high stresses and heat-treated to obtain the maximum elastic limits and fatigue resistance without becoming sufficiently brittle to cause sudden failure in service. Hardenability of spring steel is very important because only fully hardened springs have the maximum resistance to take a permanent set (sagging).
The major steel producers have increased their pricing in the month of January and a furthur increase is due to come, down the line in the month of February.
The industrial growth moving at a snail pace of 1.5/2%, demand in the auto sector at a all time low, exports being in jeopardy, this price increase in steel is a surprise and unexpected.
But it has become a regular phenomenon, that the prices are increased considerably in the last quarter of every year. The reason always shown that the new contract of iron-ores being done at a much higher pricing and the same increase is rolled back in the first quarter of the corresponding year.
This has become a nightmare for stockiests and traders who are always under pressure to buy, and has to ultimately face losses due to this kind of uncetainity.
These are basically as rolled hard steel strip. To achieve a desired hardness, an annealed material of suitable thickness is taken and rolled down to the required thickness, to achieve that required hardness. After rolling, the material is pinch passed and final annealing is not required. To choose the correct thickness (for reduction to the desired thickness) is a matter of expertise.
Grades: This strip is available in low, medium & high carbon grades.
Applications: It is suitable for components where formability is limited. It saves the extra annealing cost. The strip is directly punched & formed and if required sent for heat treatment.
At 184,000 tonnes, steel exports in November hit the lowest point this financial year. Imports have surged to 879,000 tonnes, the highest point in the year. In its latest data published by the Joint Plant Committee, the government body tracking steel in the country, says companies exported 184,000 tonnes in November, which was 203,000 tonnes less, sequentially and nearly half of the exports in November 2010. Imports, however, shot up sharply to 879,000 tonnes against 279,000 tonnes in the same month last year. Sequentially, imports were up by 519,000 tonnes.Ravindra Deshpande, research analyst, Elara Capital (India) Pvt Ltd. Said, “Global Steel price have corrected a lot, but the domestic prices have been firm. Despite the rupee depreciation, it is profitable to import steel and that is why we have seen a spurt in imports.” Steel export in the April-November period has risen 32 per cent. At 241,000 tonnes, April saw the least exports. At 879,000 tonnes, November has been the highest import surpassing July (605,000 tonnes), by close to 50 per cent. April registered the lowest imports at 330,000 tonnes. An official from a steel company, seeking anonymity, said, “Yes, imports in November went up and have hurt us since we are already reeling with low demand in this period.” He, however, ruled out any price cuts by the domestic steel makers. In April-November, imports have fallen by 20 per cent, or one million tonnes. Another analyst tracking the sector said, “Steel prices globally have softened by 15-20 per cent, but this hasn’t affected domestic prices yet. Although demand is slowing, companies are not ready to cut prices because of the inflated raw material bills.”
Domestic production also felt sequentially in November. According to the report, India produced a total of 5.46 million tonnes steel in November against 5.89 million tonnes in October.The production in April-November, at 46.14 million tonnes, went up 7.9 per cent. Real consumption growth in the given period was a mere 3.9 per cent