It is reported that Korea iron and steel enterprises planned to expand capacity and growth in end-user industries such as the automobile industry and raw materials demand in 2014.Therefore, the country expected both domestic demand and exports, increase of 4% ~6% in 2014.
However, POSCO indicated Korea two integrated steel plant included POSCO and Hyundai steel company would expect to increase production capacity in 2014.
Meanwhile, the hot rolled coil output will rise from 35.15 million tons, increase of 6% compared to the fourth quarter of last year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=68001&division=A2
