Tag: KRW dollar exchange rate impact
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South Korea: Stainless steel market remains under pressure amid sluggish year-end demand
KRW-dollar volatility raises costs for stainless steel importers Year-end inventory adjustments weigh on active purchasing SteelDaily: South Korea’s stainless steel (STS) market remained under pressure in the third week of December, as demand weakened sharply ahead of the year-end. Foreign exchange volatility curbed demand for imports, even though exporters offered competitive prices. Market participants noted…