Asian Steel Trade Faces Multiple Challenges Weak domestic demand and trade friction are important challenges facing the development of the current steel industry, and the abuse of trade protection measures is bringing many negative effects. At present, the biggest problem faced in the Korean steel industry is that steel consumption has stagnated. Besides the poor performance of downstream industries such as domestic appliances, automobiles and ships, which restricts steel demand growth. The trade restrictions adopted by the United States have also caused a significant drop in the export of steel products to the US market this year. This poses more challenges for Korean steel companies that expect to export their digestion capacity. At the same time, due to insufficient domestic demand and export volatility, South Korea’s imports of steel products from Japan and China are also decreasing this year. Steel consumption in Taiwan is mainly for the construction, manufacturing and ...