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) have reported the decline of 4%, M-o-M basis in May’17 and stood at 1.81 MnT as compared to 1.88 MnT in Apr’17.
However on yearly basis, South Korean flat steel exports,fall marginally by 0.5% in May’17 against 1.82 MnT in May’16.
During the period of Jan-May’17 country’s flat steel exports rose by 0.8% to 9.39 MnT against 9.31 MnT in similar time-frame of previous year.
Grade-wise South Korea Flat Steel exports in May’17
If grade-wise analysis is made, then HRC/Plates exports decline by 12%,M-o-M in May’17 against Apr’17 whereas GP/GC and electrical sheets have shown significant growth in May’17 against previous month.
| Particulars | Apr 2017 | May 2017 |
| HRC/Plate | 0.81 | 0.71 |
| Galvanised Steel | 0.52 | 0.59 |
| CRC | 0.34 | 0.3 |
| Electrical Steel | 0.2 | 0.19 |
Quantity in MnT
Source-SteelMint Research
Country-wise South Korea Flat Steel Exports in May’17
China remained the major flat steel importer to South Korea and accounts for 16.64% of share in May’17.Other major countries include Japan,India followed by Mexico and Indonesia.
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