This year, due to increased production and weak demand, Korea’s plate inventory has been high. Korea Iron and Steel Institute data show that the end of July, Steel Bars inventory over 450,000 tons, increasing 1.16 times over last year, which creates a record high. 1-7 months, three major steel mills Pohang, Dongkuk and modern steel plate of production is 660 million tons, up by 38%.Now there are modern steel production decreased plan, while POSCO and Dongkuk capacity utilization remains 100%.Summer is usually the off-season demand for the shipyard, plate sales has shown a downward trend, estimated sales of less than 690,000 tons in August,which is this year lows.
Ontrend Industrial Limited is a professional manufacturer and supplier for ERW Steel pipe, Steel Channel Angles and Tinplate.our aim is to give all of our customers “Good Quality, Better Price, Best Service” and keep “WIN-WIN” aim. Following these we are growing stable and rapidly.