South Korean steel exports may deteriorate in the second half of the year

Currently, Korean steel pipe manufacturers are struggling to cope with the threat of a decline in exports. South Korean steel pipe industry said that before the Korean steel pipe exports continued to rise, but began to deteriorate in the middle of this year, and the situation in the second half may be even worse.

Under this circumstance, Korean steel pipe manufacturers that rely heavily on the US market, such as Shiya Steel, Husteel, Nexteel, etc., are expected to compete fiercely in order to obtain more orders in the second half of the year.

For example, Nexteel is trying to recover from the dilemma of export decline by expanding domestic shipments. In addition, the company has completed the  construction of new coating equipment at its facility in Pohang to meet the demand for color-coated rectangular tubes in Korea.

According to industry insiders, the price of Korean steel pipe products is higher than that of structural steel pipes, but the price of steel pipe products will decline in the short term due to slowing demand and inventory backlog.

Check www.xysteelpipe.com for more info.
Contact Email: sales@xysteelpipe.com
MP: +8613739082333
Skype: adashaw88

评论

发表评论

此博客中的热门博文

T-Joint Welded Pipe and SMLS Steel Pipe deliver to Malaysia

图片
 Project location：Malaysia Product：T-Joint Welded Pipe， Smls Steel Pipe Standard and material：API 5L PSL1 GR B Specifications：1321x12.7x6000mm, 21.3x3.73x6000mm, 26.7x3.91x6000mm Application：Project replenishment Since our first collaboration in 2022, the relationship between Xinyue and one of our clientsin Malaysia has deepened significantly. As a well-known trader in the region, this client initially chose Xinyue due to their trust in our product quality and services. During last cooperation, we demonstrated exceptional professionalism and a sincere cooperative attitude, successfully earning the client’s praise and trust. Now, this client has sent a new order to Xinyue. During the initial discussions for the current order, the client clearly expressed their strong approval of our proposed solutions. This trust is not only a testament to Xinyue’s capabilities but also the greatest reward for our commitment to high quality and excellent service. After receiving the f...
阅读全文

ERW steel pipe for Cross hole testing in Uruguay

图片
 Project location：Uruguay Product： ERW steel pipe thread on both ends with coupling & caps Standard and material：ASTM A53 GR.B Specifications：2”X SCH40 X 6M Usage：Cross hole testing In early November 2024, Tianjin Xinyue received an inquiry from a South American client in Uruguay for high-frequency longitudinal welded pipes. The specified standards and materials were ASTM A53 GR.B, with a diameter of 2”, wall thickness SCH40, and a length of 6 meters. The total order was for approximately 130 tons of one specification, with the pipe ends to be threaded and accompanied by couplings and caps for use in well pressure testing at the project site. Due to the approaching end of the year, the client requested that all materials be shipped within 30 days to avoid delays due to the Chinese New Year holiday. Thanks to the trust placed in Xinyue, the client was highly cooperative with our requirements. In just one week, both parties finalized the details regarding contrac...
阅读全文

Caravan Bells Echo, Xinyue Writes a New Chapter

图片
Project location：Kazakhstan Product： seamless steel pipe Standard and material：GOST 8732-78 ST.20 Specifications：426x20x12000MM Application：mining For millennia, the Silk Road has resonated with the melodies of camel bells. As a pioneer among Chinese steel enterprises "going global," Tianjin Xinyue Steel Group has wielded steel as its pen to inscribe a new chapter of win-win cooperation across Central Asia. Through years of deep-rooted dedication, the Group has not only achieved dual breakthroughs in order volume and customer numbers but has also earned an outstanding reputation, becoming Central Asia's trusted "Chinese name card." Strength in Foundations: Full Industry Chain Leadership From production to trade, from technology to service, Xinyue Steel builds its core competitiveness through "End-to-End Solutions": ✅ Scientific Supply Chain Management: Leveraging a globalized network for efficient resource allocation, ensuring seamless fulfillm...
阅读全文