Posted on 09 Oct 2013
It’s reported that the Korean domestic steel pipe demand has remained sluggish while the steel pipe stocks have increased, causing imbalance between supply and demand.
According to statistics, Korea’s steel pipe stocks hit the new record highs of 620,000 tons in this June, in comparison of 500,000 tons in last January.
Also, the steel pipe producers estimated that the steel pipe stocks would reach 650,000 tons in the second half of this year due to decreased exports and weak demand from domestic market.
