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South Korean steel pipe production in June increased by 5.7%

According to data released by the Korea Iron and Steel Association, in June, South Korea steel pipe production continued to increase, an increase of 5.7% to 44,595,900 tons. Small and medium diameter welded steel pipe production increased by 5.3%, reaching 313216 tons, large diameter ERW pipe production increased by 58.6%, reaching 81,505 tons.

welded pipe

From the arc welded pipe, rolling pipe production fell 15% to 51,000 tons; serpentine pipe production fell 46.8% to 14,353 tons. In addition, South Korea's seamless steel pipe production increased by 29.1%  to 1976 tons; stainless steel pipe production fell 6.9% to 14026 tons.

It is reported that the increase in the number of active oil drilling platforms in the United States has led to an increase in the export of South Korean API steel pipes. In the third week of May, the number of active platforms increased to 901, an increase of 497 over the same period last year. Despite the increase in AIP steel pipe exports, but some of South Korea's domestic oil pipe manufacturers are still worried about the impact of anti-dumping investigations initiated by the United States.

South Korean steel bars in June imports fell sharply

In June, South Korean steel bars production enterprises in the import and export declined. Among them, steel bars exports fell 88% to 1160 tons, while imports fell sharply by 36.2% year on year to 92250 tons.

steel bars

It is understood that the main reason for the decline in exports is the high price of the South Korean domestic market, the market performance exceeded expectations. From the import point of view, in June South Korea imports from China, the number of steel bars imports accounted for nearly 70% of the total imports of steel, reaching 63,737 tons, the number of steel bars imports from Japan reached 28,481 tons.

In fact, in June, South Korea imports of steel from China has declined, mainly due to Chinese domestic demand for steel bars increased significantly. In fact, in addition to China, South Korea from January to June imports of steel bars total reached 599385 tons, down 17.6% year on year; and imports from Japan, the total amount of steel bars increased by 85.3% year on year.