According to South Korean media reports, from January to November 2023, South Korea imported approximately 1.2 million tons of plate from China, a significant increase of 60% year-on-year; During the same period, South Korea imported approximately 840,000 tons of plate from Japan, a decrease of 14% y-o-y. Industry insiders in South Korea have stated that the main reason for the significant increase in plate from China this year is that Chinese plate has obvious price competitiveness, which is about 20% lower than the domestic prices in South Korea. Therefore, the imports of plate from China is also causing concerns among relevant Korean manufacturers.
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