Tag: South Korea: Heavy plate manufacturers struggle amid slumping demand and exports

South Korea’s domestic heavy plate manufacturers are facing significant challenges, with sales experiencing a steep decline in April 2024. The combined sales of POSCO, Hyundai Steel, and Dongkuk Steel totalled 628,000 tonnes (t) in April, representing an 18.7% y-o-y decrease compared to April 2023 and an 11% m-o-m drop from March 2024. This marks the…