subject: Korea Iron And Steel Hit The East Asia Markets [print this page] Korea Iron and Steel hit the East Asia markets
Korea Iron and Steel hit the East Asia markets and Japan Iron and Steel gets a lot of influence
Bank of Korea expects, South Korea's GDP will grow 3.7 percent in 2012. Rapid-growth South Korea steel production capacity has begun to affect the Japanese steel industry. The amount that Japan exported to South Korea's steel fell in 2011, but the South Korean steel imports growth. At the same time, the won depreciatation promoted the growth of Korean exports. Japan's steel industry is closely watching the South Korean steel production in the medium to long term changes. However, the major Asian economies, especially China, crude steel production will be further growth after 2012.
By investing in the Asian steel industry, the Japanese blast furnace steel mills will continue to supply of high quality steel to the domestic steel enterprises and associated enterprises in Asia and other places, even some of the affiliated companies in Korea. On a global scale, especially in East and Southeast Asia, building industrial chain to ensure that the large steel companies in Japan and South Korea has a relatively good market environment. However, the fact is, , iron and steel production capacity in Asian countries and regions continues to grow, which will make enormous challenges toJapan and South Korea's steel industry.
GTXH Interpretation: South Korean steel is difficult to impact on East Asian markets, and I think so, relatively speaking, it is caught in China and Japan-- two major steel-producing countries; market share is very limited, and does not have a clear competitive advantage; several countries in East Asia in the steel consumption providers are also country-led; imports is relatively small; and with the nearly 2,000 tons of high-end production capacity construction, Chinese steel continued siege of the South Korean steel is inevitable, at least in this mu-third of the ground.
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