According to the latest custom data released, South Korean flat steel exports under HS code 7208 (hot rolled products), 7209 (cold rolled products), 7225 (electrical sheets) and 7210/7212 (GP/GC) have declined by 10%, M-o-M basis to 1.8 MnT in Feb’17 against Jan’17. The nation’s flat steel exports stood at 2.01 MnT in Jan’17.
On yearly basis, South Korea Flat steel exports down by 7% in Feb’17 as compared to 1.93 MnT in Feb’16.
However, during the period of 2016, the country has exported 22.64 MnT ,down by 2% against 23.12 MnT in 2015.
Grade-wise South-Korea Flat Steel Exports
If grade-wise analysis is made, then 7208 exports have plunged significantly by 19.9% M-o-M in Feb’17 against Jan’17, whereas 7209, 7210 and 7225 have declined in Feb’17 against previous month. Although, other flat steel grade exports like 7212 increased by 2.9% in Feb’17 as compared to Jan’17.
Grade-Wise Flat Steel Exports as on 17 March’2017
| Grades | Feb’16 | Jan’17 | Feb’17 | M-o-M (%) | Y-o-Y (%) |
| 7208 | 8,81,001 | 8,52,664 | 6,82,788 | -19.92 | -22.5 |
| 7210 | 4,89,236 | 5,80,532 | 5,68,362 | -2.1 | 16.17 |
| 7209 | 3,66,741 | 3,71,487 | 3,42,198 | -7.88 | -6.69 |
| 7225 | 1,85,595 | 1,93,729 | 1,91,832 | -0.98 | 3.36 |
| 7212 | 15,210 | 18,371 | 18,904 | 2.9 | 24.29 |
Quantity in MT
Source-SteelMint Research
Country-wise South Korea Flat Steel Exports in Feb’17
China was the foremost buyer of flat steel from South Korea as it imported 3,22,435MT in Feb’17 against 3,58,063 MT in Jan’17.Whereas the second largest importer was Japan followed by India, Mexico and Thailand.
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