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Steel Casting Sales Continued Down for 4th month Streak

https://en.steelhome.com [SteelHome] 2019-06-25 16:03:10

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This year, Korea’s steel castings continued slippage over the four months latest for the sales volume terms. The main cause was due to the continued contraction in both domestic shipment and export demand. According to the Korea Iron and Steel Association, Korea’s steel castings shipment for the first four months this year totaled 34,212 metric tons, down 8.9 percent from the same period last year of 37,567 metric tons. The production figure was down 10.2 percent from 38,555 tons to 34,6060 tons in the same period, and domestic shipment was down 7.9 percent from 29,261 tons to 26,947 tons while export demand was slipped 8.6 percent from 7,946 tons to 7,265 tons respectively.

The industry people said that, “This year’s steel castings business deteriorated in domestic consumption as well as export to date while April figures showed contraction too, expecting to continue over the remaining period.” Meanwhile, the entire shipment of steel castings in April shed 9.5 percent from a year ago, 9615 tons, to 8,705 tons.

Source: Steel&Metal News
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