According to the latest customs data, South Korea flat steel imports which includes 7208 (HR coils /Plates),7209 (CR coils), 7225 (Electrical sheets),7210/7212(GP/GC) have witnessed the downfall of 7% Y-o-Y and stood at 0.89 MnT in Dec’16. In Dec’15 the nation’s flat steel imports is recorded at 0.96 MnT.
On monthly basis, South Korean flat steel imports remained stable in Dec’16 against Nov’16.The same stood at 0.89 MnT in Nov’16.
In CY 16 from Jan-Dec country’s flat steel imports rose by 2.2% to 11.44 MnT against 11.19 MnT in the corresponding time frame of previous year.
Grade-wise South Korea Flat Steel Imports-
If grade-wise analysis is made, then 7208 imports rose by 7.9%,M-o-M in Dec’16 against Nov’16 whereas 7209 have moved downwards by 7.7% in Dec’16 against previous month. Although, other flat steel grades imports like 7225,7212 and 7210 declined as compared to Nov’16.
Grade-Wise Analysis of Flat steel Imports as on 20 Jan’2017
| Grades | Dec’15 | Nov’16 | Dec’16 | M-o-M | Y-o-Y |
| 7208 | 5,88,359 | 5,01,401 | 5,41,277 | 7.95 | -8 |
| 7210 | 1,35,859 | 1,93,480 | 1,63,249 | -15.62 | 20.16 |
| 7225 | 1,33,689 | 1,79,543 | 1,46,580 | -18.36 | 9.64 |
| 7209 | 84,806 | 54,518 | 50,319 | -7.7 | -40.67 |
| 7212 | 8,063 | 6,513 | 4,887 | -24.97 | -39.39 |
Fig in MT
Source-South Korea,Customs Data
Major Flat steel exporting countries of South Korea in 2016-
China remained the major flat steel exporter to South Korea and exported 5,78,418 MT in Dec16 against 5,71,564 MT of flat steel in Nov16.Other major countries include Japan and Taiwan.
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