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South Korea's export of special alloy bar to Taiwan jump-The 20th China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition 12/28/2018 压铸展-Die-casting expo-foundry expo |
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Based on statistics, from January to November this year, Taiwan was the largest export destination of Korean special alloy bars, followed by Thailand.
Export volume was occupied 39% of total capacity of special alloy bars, and Korea exported 93,000 tons to Taiwan, an increase of 111.5% y-on-y, accounting for 15.2% of total exports.
The export to Thailand was 78,000 tons, increased by 30.4% y-on-y. Belgium was the third destination with 69,000 tons, accounting for 11.3%, then the export to Indonesia was 57,000 tons, increased by 18.5%, and the export to Japan was 44,000 tons, decreased by 3.9% y-on-y. U.S market was affected by import quotas, with export volume of only 31,000 tons, a decrease of 40.5% y-on-y.
Korean suppliers mentioned that production capacity has increased, but domestic demand was sluggish, steel mills have turned to actively expand export market to fill up capacity vacancies.
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