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Home Steel News South Korean Dongbu Steel's cold-rolled galvanized steel sheet exports become more important due to global trade dispute
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South Korean Dongbu Steel's cold-rolled galvanized steel sheet exports become more important due to global trade dispute

18 Jan 2019 14:30 reported by Chun Chien

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According to the statistics, Dongbu Steel’s sales volume for cold-rolled galvanized steel sheet in 2018 was around 1.85 million tons, decreasing by 8.3% year on year. The export amount was 801,000 tons, increasing by 10.9% year on year. Domestic sales, on the other hand, was around 104,900 tons, decreasing by 19.2% year on year nevertheless.

While there was increasingly serious tension amid global trading in 2018, the export market in each country encountered with radical impact. South Korean domestic market was sluggish in the meanwhile.

Each mill in South Korea decided to shift their sales focus to export market instead, including Dongbu Steel. Some mills thought the economic recession was due to the sluggish performance in the main steel sectors of construction, household electrical application and machinery without further recovery sign.

Moreover, the report indicated the growth of Dongbu’s sales in December. It increased by 0.4% year on year. Compared to the same month in 2017, the domestic performance however decreased by 8.5%. On the other hand, the export sales increased by 14.2% year on year.

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