According to data recently released by the Korea Iron and Steel Association (KOSA), in November this year outputs and domestic sales of South Korean
rebar producers failed to reach the targeted volumes.
The domestic
rebar sales volumes of the seven main
rebar producers in South Korea totaled 700,000 mt in November, down 17 percent month on month., The targeted domestic sales volume for the month in question was 750,000 mt. In addition, the average aggregate daily
rebar output of the seven producers decreased from 50,000 mt in October to 27,000 mt in November.
Meanwhile, at the start of the current month the combined
rebar inventory of the seven mills in question amounted to 180,000 mt, lower than the normal level.
Taking into account seasonally weak demand and anticipated suspensions of activity in the domestic construction sector at the end of December, the targeted
rebar sales volume of the seven producers in December is 693,000 mt.