Korean steel growth may slow down in 2019

From: JUNNAN STEEL NEWS
publisher: Gloria Wong
Time: 2018-12-07
Summary: According to news released by the Korean media a few days ago, South Korea faces serious problems in employment, investment and consumption. South Korean steel growth may slow down in 2019. In the medium and long term, the Korea Economic Confidence Index (ESI) will be below average.

According to news released by the Korean media a few daysago, South Korea faces serious problems in employment, investment andconsumption. South Korean steel growth may slow down in 2019. In the medium andlong term, the Korea Economic Confidence Index (ESI) will be below average. Themedia cited data recently released by the Korea Industry Alliance (FKI), sayingthat the future development of leading Korean industries, including theautomotive, steel and petrochemical industries, is not optimistic. It ispredicted that due to trade protectionism, the growth rate of Korean steelexports will decrease by 10% in 2019, and the growth rate of petrochemicalproducts and automobile exports will decrease by 5% and 3% respectively.


According to news released by the Korean media a few daysago, South Korea faces serious problems in employment, investment andconsumption. South Korean steel growth may slow down in 2019. In the medium andlong term, the Korea Economic Confidence Index (ESI) will be below average. Themedia cited data recently released by the Korea Industry Alliance (FKI), sayingthat the future development of leading Korean industries, including theautomotive, steel and petrochemical industries, is not optimistic. It ispredicted that due to trade protectionism, the growth rate of Korean steelexports will decrease by 10% in 2019, and the growth rate of petrochemicalproducts and automobile exports will decrease by 5% and 3% respectively.

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