The volume of construction materials like sand and cement transported has dropped by around 40%, severely affecting the construction industry in the Seoul metropolitan area. The prolonged shutdown of Hyundai Steel’s Incheon rebar factory is expected to worsen the situation. The decrease in bulk cargo at Incheon Port is predicted to steepen due to these factors, with concerns over the decrease in steel and scrap metal volume. The slump in the construction industry has led to a decrease in sand and cement volume and has also affected sea sand extraction companies in the Incheon area.
Original Article: Read More
Auto-posted at: 2025-03-31 21:03:31