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Mar.29.2024 1USD=7.095RMB
  SteelHome >>Steel>>Market Info>>International Dynamics
 
Wire Rope Signals Better Start in Both Export and Domestic Need

https://en.steelhome.com [SteelHome] 2019-03-26 10:46:13

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In January, Korean wire rope sales volume showed revival in both export and Korean demand, higher on a year earlier. Wire rope sales upped 24.2 percent in January by the quantity, totaling 14,652 metric tons, from a year ago of 11,795 metric tons, which represented a 3.3 percent increase from the preceding month of 14,179 metric tons. Of which, Korean sales volume compiled 6,095 metric tons, 34.8 percent higher than a year ago posted 4,523 metric tons in particular.

Export tonnage increased 17.7 percent from a year earlier of 7,272 metric tons to 8,557 metric tons, or up 7.9 percent from a month earlier of 7,930 metric tons, respectively.

In January, wire rope production improved 22.8 percent from 12,150 tons a year ago to 14,926 tons, sustaining the level of 14,000 tons, since October last year of 15,032 tons, although hesitant to post 14,433 tons in June last year. Meanwhile, the inventory increased slightly, up 7.7 percent from 35,779 tons to 38,525 tons in January, but 0.7 percent higher than a prior month of 38,251 tons.

Source: Steel&Metal News
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