"Difficult" Price Increase of Structural Steel Pipe in Korea

Release time：Jun 21, 2019 From：admin

This newspaper reported that South Korean structural steel pipe manufacturers began to raise their prices collectively in June to alleviate the cost pressures they may face in the off-season of summer.

South Korean steel pipe industry sources said that with the recent rising prices of raw materials, coupled with increasingly fierce market competition, South Korean structural steel pipe prices were weak in March and April.

Although the relevant manufacturers are raising the prices of products, with the arrival of the off-season, construction activities are slowing down, to a certain extent, curbing the trend of rising prices of structural steel pipes in Korea. South Korean industry insiders said that if the price of structural steel pipes could not be raised, the industry would face losses.