Tag: South Korea
China will extend anti-dumping duties between 17% to 58% for 5 years on the import of cold rolled stainless steel sheets from Japan and South Korea as per a release from China’s Commerce Ministry.
South Korea’s import of stainless steel scrap fell during the first half of this year as the country imported only 208,000 tons of SS scrap, down by 18.1% compared to the same period last year.
Aker Kvaerner has signed a contract with Samsung Heavy Industries in Korea for delivery of an advanced dual drilling system to a new semi-submersible drilling platform to Eastern Drilling.
South Korea plans to build 10 more power-generating nuclear reactors by 2011 to meet its growing electricity demand.