Trade Resources Economy Korea's Demand for Heavy Plates in 2015 Has a Drop of 8% Every Year

Korea's Demand for Heavy Plates in 2015 Has a Drop of 8% Every Year

According to report made by Posco Research Institute (Posri), Korea’s demand for heavy plates would fall to 8.27 million tons in 2015, a drop of 8% every year.

Posri said that Korea’s domestic demand for heavy plates would be at 10.04 million tons this year, falling by 6% year on year. The demand from the country’s shipbuilders would decrease by 9% year on year to 6.47 million tons.

It’s analyzed that the shipbuilders’ received order volumes dropped obviously due to weak shipbuilding industry. Accordingly, it affected the demand for heavy plates
.

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64220&division=A2
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Korea's Heavy Plate Demand to Fall Gradually
Topics: Metallurgy