South Korean galvanized steel sales in October fell 8.7% year-on-year

From: JUNNAN STEEL NEWS
publisher: Gloria Wong
Time: 2018-11-23
Summary: In October, sales of galvanized steel sheets in Korea were 587,700 tons, down 8.7% from the same period last year. According to relevant data, shipments of galvanized steel in Korea totaled 337,500 tons, down 10.9% year-on-year and 17.5% quarter-on-quarter; export volume was 246,200 tons, down 5.5% year-on-year and 23.8% quarter-on-quarter.

In October, sales of galvanized steel sheets in Korea were587,700 tons, down 8.7% from the same period last year. According to relevantdata, shipments of galvanized steel in Korea totaled 337,500 tons, down 10.9%year-on-year and 17.5% quarter-on-quarter; export volume was 246,200 tons, down5.5% year-on-year and 23.8% quarter-on-quarter.


 As the domestic market price of Korean galvanized steelsheets has not increased, the output and profitability of relevant Koreanproducers have declined. In September, South Korea's galvanized steel plateexport activity was relatively active, but the export quota to the EU wasalmost exhausted. Therefore, since October, the export volume of Koreangalvanized steel has dropped significantly. In addition, Chinese steel millshave lowered their export offers, which has worried about Korean producers.

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