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SEOUL (Scrap Monster): South Korean steel mill's hot rolled (HR) steel production reached 1.418 million tons in May, advanced by 6.8% year-on-year.

In May, the country's sales volumes of HR steel products totaled 1.363 million tons, up by 6.7% year-on-year.

In the first five months of this year, the country's HR steel output and sales volumes amounted to 6.39 million tons and 6.772 million tons, increased by 6.7% and 1.7% year-on-year respectively.

Due to increased steel production and weak domestic demand, it's said that the South Korean steel producers have offered the cheap HR steel products to Taiwan.