The Decrease Of Cold Rolled Stainless Steel Output In Korea

- Sep 26, 2018 -

                                                                                                                                ——From Hongwang Office

According to data from the Stainless Steel Branch of the Korea Iron and Steel Association on 21th September, the production of cold-rolled stainless steel sheets in Korea fell to 111,000 tons in August, down 0.9% from the previous month, but up 4.4% year-on-year; the number of stainless steel cold-rolled sheets sold to distributors was about It was 29,400 tons, down 24.3% from the same period of last year and down 13.6% from the previous month. The sales volume of stainless steel cold-rolled sheets actually sold to consumers fell 10.3% year-on-year and 6.3% from the previous month. 

At the same time, the inventory of  cold-rolled stainless steel  sheets in Korea is also increasing.

The shrinking of sales volume, the sluggish of the price and the accumulation of inventory, which could be result from the anti-dumping tariffs of United States and the European in this year and also cause the droop of cold rolled stainless steel sheets market.

Contact: Una Chen

WuXi XiChu Stainless Steel Co.,Ltd


Add: B2-135,Stainless Steel Market, No.82 North XueDian Road

         City Wuxi, JiangSu, 214000,China

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