South Korean CR stainless steel inventory remains high in June
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Wednesday, 24 Aug 2011
According to data of Korea Iron and Steel Association, South Korea's inventory of cold rolled stainless steel totaled 70,750 tonnes in June 2011, down slightly by 0.8% MoM from May.
It is analyzed that the high inventory was caused the down sales volume due to slumped nickel prices and oversupply of CR stainless steel production.
(Sourced from www.yieh.com)
