South Korean stainless steel cold rolled sheet in February is over 90 thousand tons

A few days ago, the Korea iron and Steel Association said that in February, the stock of cold rolled steel plates in South Korea reached 97 thousand and 400 tons, a decrease of 3.5% compared with the same period, an increase of 25.1% over the same period last year.
Generally speaking, the beginning of spring production will lead to the decline of stainless steel stock, but the sales of stainless steel in South Korea will keep warm. The stainless steel production in Korea is expected to be 90 thousand tons ~10 million tons. Therefore, the growth of stainless steel consumption in Korea is basically stagnant. South Korea's stainless steel cold-rolled plate producers and distributors are puzzled.
The South Korean iron and Steel Association said the downturn in the Korean stainless steel market is not only due to the slowdown in Chinese market demand, but also related to the persistence of nickel prices at a level of 13 thousand US dollars / tonnes.