Crude steel capacity utilization reached its highest point in five years
Capacity utilization and steel prices have maintained a high degree of consistency. To some extent, the capacity has optimized the supply and demand situation of the steel market, promoted the rebound of steel prices, and also led to the recovery of capacity utilization.
Global steel prices rebounded steadily
Since 2014, due to the overcapacity of global steel production, steel prices have fallen all the way to the lowest value at the end of 2015. As of May 2018, the CRU global steel price index reached 194 points, reaching a new high since 2011.
Global steel industry is showing good momentum
Capacity utilization reached a new high in five years, and the global steel industry is showing good momentum.
Pohang has been elected the world's most competitive steel company for 9 consecutive years
The main topics of the global steel survival strategy conference are the global steel industry trends and future strategies, through the production scale, profitability, technological innovation, price competitiveness, cost reduction, financial stability, raw material security, etc. of 37 steel companies worldwide.
Korean rolling mills increasingly rely on billets imported from Japan
many Korean companies are experiencing shortages of raw materials and will increasingly rely on billets imported from Japan.
Korean pipe exports fell sharply in May
Although the US shale gas development has a large demand for petroleum special pipe (OCTG), the export of Korean oil special pipe is significantly reduced by the US import quota. In May, South Korea’s oil-specific pipe exports reached 5053 tons, down 95.3% from 108,632 tons a year ago.
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