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| Posco Offensive For CR Sheet Exports To Japanese Users In Thailand |
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South Korea's integrated steelmaker Posco has taken the offensive for CR sheet exports to Japanese-affiliated manufacturing industries in Thailand, according to information made available in Tokyo. There is a possibility that Japan's integrated steelmakers will take action to defend their deals of CR sheets to Japanese-affiliated industrial users, according to market sources. Also, the sources expect the Japanese steelmakers to study CR sheet export deals with Korean-affiliated manufacturing industries in Thailand. Until now, Posco is reported to have offered CR sheet exports at around US$620/ton FOB to Japanese-affiliated manufacturing industries in Thailand. The price on offer is described as much lower than domestic sales prices for products from the Japanese steelmakers' CR mill joint ventures in Thailand. The joint ventures' domestic price practices for CR sheets are estimated at a level of US$800/ton. Posco's export offensive toward Thailand may have stemmed from a policy to push CR sheet exports as a way out of slack domestic sales in South Korea, market observers believe. In South Korea, meanwhile, a deterioration of quality is reported for a problem with CR sheets from local steel rerollers. In recent cases, GI sheet production with those CR sheets faced split products. It is understood that the incident could be traced back to CR sheet production based on inferior HR coils from so-called tertiary nations. |
| last modified : Tue 25 Oct, 2005 [10:26] |
