Aging population to hit steel industry: POSRI report
Sept. 1, 2016
[THE INVESTOR] The rise in aging population leading to less employable workers in South Korea will hit the steel industry and its related markets, as seen in the case of Japan, a research report said on Sept. 1.The report from the POSCO Research Institute projected that the construction market, which accounts for 42 percent of total steel demand, will be the hardest hit. The auto market, whose steel consumption accounted for 18.5 percent, is also likely to be affected, as well as the machinery,