Hand in hand with China s growing economy, its steel industry also continues to exhibit remarkable growth. In particular, Korea s steel import from China has rapidly increased owing to China s oversupply caused by expansion of its steel facilities. Many experts are aware of this situation and suggest that the Korean steel industry has encountered the challenge of a fast-growing Chinese steel industry, and that many of China s steel products including long products, flat products, pipes and tubes, have been converted to competitive advantages, from competitive inferior. Meanwhile in Korea, delayed investment in a blast furnace facility despite escalating steel demand extensive users of steel: automobile, shipbuilding, and electronics sectors, has triggered a supply-demand imbalance in the country. Thus, a hike in steel imports from China is seen to cause this structural supply-demand imbalance in Korea s steel industry. Ever since Hyundai Steel s production expansion involving blast furnace facilities, there is need for the industry to concentrate on developing new markets for its facilities output in Korea. Therefore, Korea s steel industry desperately needs efficient distribution management, as well as export promotion strategy through its global trading network to effectively address its structural supply-demand imbalances.
Abstract
Ⅰ. Introduction
Ⅱ. Steel Industry of China
Ⅲ. Competitiveness Analysis
Ⅳ. Analysis of Results
Ⅴ. Implications
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