South Korea: Steel billet exports fall over 50% m-o-m in Jan’24

  • South Korea’s steel billet exports fell by 58% m-o-m to 14,441 t in Jan’24 as against 34,806 t in Dec’23, as per data released by the Customs.
  • Japan was the largest importer with 7,186 t followed by Mexico with 5,057 t.
  • Meanwhile, export volumes decreased by 35% y-o-y in Jan’24 from 22,323 t in Jan’23.