South Korea: Steel billet imports rise by 48% m-o-m in Jan’24

  • South Korea’s steel billet imports rose by 48% m-o-m to 149,494 t in Jan’24 as against 101,230 t in Dec’23, as per Customs data.
  • Japan was the largest exporter with 83,209 t followed by Brazil with 53,995 t.
  • Meanwhile, import volumes increased by 75% y-o-y in Jan’24 from 85,394 t in Jan’23.