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자료유형
학술저널
저자정보
저널정보
한국무역연구원 무역연구 무역연구 제10권 제2호
발행연도
2014.1
수록면
291 - 315 (25page)

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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.

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