According to the forecast posco institute (Posri), South Korea's crude steel output will reach 74.57 million tons this year, an increase of 8%. The flat material, such as hot roll, cold roll, and thick plate will account for up to 44.82 million tons, an increase of 12%, long products of about 20.35 million tons, 3% increase.

Production growth came mainly from the local steel plant capacity expansion, such as posco recently in guang Yang factory production of a set of annual production capacity of 3.3 million tons of tropical tandem mill, in April, modern steel expansion karatsu plant no. 1 in the heavy plate mill, an annual output of 500000 tons of energy increases.

Posri said, usually 4 quarter of domestic demand more slowly, worry about the high inventory of the end of the end user. And Korean demand this year is expected to 55.92 million tons, an increase of 8%, exports increased by 10%, to 32.18 million tons.

Considering the end users of moderate growth, such as automobiles and construction sector Posri predicted that South Korea's crude steel production next year will increase only 3%, to 76.71 million tons.