South Korean steel exports may deteriorate in the second half of the year

From: Junnan Steel News
publisher: Gloria Wong
Time: 2018-07-23
Summary: Currently, Korean steel pipe manufacturers are struggling to cope with the threat of a decline in exports. South Korean steel pipe industry said that before the Korean steel pipe exports continued to rise, but began to deteriorate in the middle of this year, and the situation in the second half may be even worse.

    Currently, Korean steel pipe manufacturers are struggling tocope with the threat of a decline in exports. South Korean steel pipe industrysaid that before the Korean steel pipe exports continued to rise, but began todeteriorate in the middle of this year, and the situation in the second halfmay be even worse.

    Under this circumstance, Korean steel pipe manufacturers,which are heavily dependent on the US market, are expected to compete fiercelyin order to obtain more orders in the second half of the year. The company also completed the construction of new coatingequipment at its facility in Pohang to meet the demand for color-coatedrectangular tubes in Korea.

    According to industry insiders, the price of Korean steelpipe products is higher than that of structural steel pipes, but the price ofsteel pipe products will decline in the short term due to slowing demand andinventory backlog.


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