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South Korea: High-cost stainless steel imports raise demand concerns

Source: BigMint Jun 01, 2026 10:00

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Import costs surge amid elevated offers, weak Korean won. Demand slows down across construction, appliance sectors

South Koreas stainless steel flat products market is entering a "high-cost new normal" phase as elevated offers, combined with a weak Korean won, continue to push import costs sharply higher and increase pressure on downstream demand sectors. Market participants indicated that July-shipment offers for 304 cold rolled stainless steel into

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