According to the latest customs data, South Korea flat steel exports which includes 7208 (HR coils /Plates),7209 (CR coils), 7225 (Electrical sheets),7210/7212 (GP/GC) registered the drop of 3% M-o-M basis in Sep’17 to 1.9 MnT compared to 1.95 MnT in Aug’17.
However on yearly basis South Korean flat steel exports dropped marginally by 2% in Sep’17 against 1.89 MnT in Sep’16.
In first nine months of CY17 (Jan-Sep) country’s flat steel exports rose slightly by 0.7% to 17.02 MnT which was 16.9 MnT in similar time-frame of previous year.
Grade-wise South Korea Flat Steel Exports in Sep’17
| Sub Commodity | Sep’17 | Aug’17 | M-o-M (Change in %) |
Sep’16 | Y-o-Y (Change in %) |
| HRC/Plate | 0.70 | 0.78 | -10.25 | 0.82 | -14.6 |
| Galvanised Steel | 0.60 | 0.59 | 1.69 | 0.57 | 5.26 |
| CRC | 0.33 | 0.31 | 6.45 | 0.36 | 8.33 |
| Electrical Steel | 0.24 | 0.24 | 0 | 0.19 | 26.31 |
| Others | 0.03 | 0.03 | 0 | 0.02 | 50 |
| Grand Total | 1.9 | 1.95 | -2.5 | 1.96 | -3.06 |
China remained the major flat steel importer of South Korea in Jan-Sep’17– China occupied the largest share of imports and accounts 15.31% of share in first nine months (Jan-Sep) of CY17.Other major countries include Japan which stood at 13.51%,India at 10.86% followed by Mexico at 7.77% and Thailand at 5.91%.
In the month of Sep’17 China imported 0.45 MnT of flat steel down by 11% against 0.50 MnT in Aug’17.However on monthly basis Japan exported 0.29 MnT and Taiwan at 0.05 MnT in Sep’17.
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