South Korea Metals Report 2016
BMI View: South Korea's metals industry will remain under pressure through 2016 as many of thechallenges facing producers persist through the coming quarters. Given its status as Korea's main exportmarket, China's economic slowdown will remain a key concern, while falling global prices for steel, copper,zinc and other metals will also force producers to scale back capacity as they wait for conditions toimprove.
South Korea boasts one of the world's leading metals industries with particular strengths in steel and zincproduction. The country is currently the world's second largest producer of refined zinc and a top-10 steelproducer. However, 2015 has brought increasing pressure on the metals sector as the operating environmentfor Korean companies has become ever more challenging.
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