A Comparative Analysis of Competitiveness in the Steel Industry

• 영문명: A Comparative Analysis of Competitiveness in the Steel Industry
• 발행기관: 한국무역연구원
• 저자명: Seung-Taek Lee Yuri Yoon
• 간행물 정보: 『무역연구』제10권 제2호, 291~315쪽, 전체 24쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2014.04.30

영문 초록

Hand in hand with China s growing economy, its steel industry also continues to exhibit remarkable growth. In particular, Korea s steel import from China has rapidly increased owing to China s oversupply caused by expansion of its steel facilities. Many experts are aware of this situation and suggest that the Korean steel industry has encountered the challenge of a fast-growing Chinese steel industry, and that many of China s steel products including long products, flat products, pipes and tubes, have been converted to competitive advantages, from competitive inferior. Meanwhile in Korea, delayed investment in a blast furnace facility despite escalating steel demand extensive users of steel: automobile, shipbuilding, and electronics sectors, has triggered a supply-demand imbalance in the country. Thus, a hike in steel imports from China is seen to cause this structural supply-demand imbalance in Korea s steel industry. Ever since Hyundai Steel s production expansion involving blast furnace facilities, there is need for the industry to concentrate on developing new markets for its facilities output in Korea. Therefore, Korea s steel industry desperately needs efficient distribution management, as well as export promotion strategy through its global trading network to effectively address its structural supply-demand imbalances.

목차

Abstract

Ⅰ. Introduction

Ⅱ. Steel Industry of China

Ⅲ. Competitiveness Analysis

Ⅳ. Analysis of Results

Ⅴ. Implications

References

키워드

Steel industry China Competitiveness Korea Trade structure