中國 鐵鋼産業의 對韓國 競爭力 分析

Analysis on Competitiveness of Chinese Steel Industry against Korea

This paper analyses the trade structure of Chinese steel industry with Korea. The results show that China gains an advantage over Korea in competitiveness of steel industry except a few items in 2008. In other words, the level of competitiveness of China already lies over Korea s level of competitiveness in steel industry. Finally, the fact is found from this study that Korea is not a nutcracker any more between China and Japan. Hence, three strategies for improving competitiveness in korea s steel industry and helping it catch up Chinese and Japanese steel industry are as follows: The first strategy is solving the disproportion among the production processes and increasing efficiency in production through structural reform like as M&As between firms. The second is developing new technology in production process and more high value-added products. Finally the third is scaling up the size of steel-distribution industry and improving its service.