According to customs data of South Korea, country’s flat steel exports under HS code 7208 (hot rolled products), 7209 (cold rolled products), and 7225 (electrical sheets) have registered a fall of 2.59% in first half of 2016 against corresponding period of previous year. The same is recorded at 7.9 MnT in current year and at 8.11 MnT in first half of previous year.
The country’s major flat exports are directed to China followed by Japan and US. Exports to India is recorded at 0.85 MnT. Whereas exports to Bangladesh is at 0.70 MnT in H1 2016.
If month on month comparison is done, country’s flat steel imports have registered a fall of 3.25% in Jun’16 against previous month and is recorded at 1.23 MnT. However, the same has fallen by 13% against Jun’15.
South Korea’s Top 5 Flat Steel Exporting Country in H1 2016
|
Countries |
Exports |
| China | 1.21 |
| Japan | 1.00 |
| US | 0.87 |
| India | 0.85 |
| Vietnam | 0.60 |
| Others | 3.36 |
Quantity in MnT
Source: South Korea’s Customs
South Korea’s HS Code-wise Exports in H1 2016
| Months |
7208 |
7209 |
7225 |
| Jan’16 | 0.72 | 0.33 | 0.19 |
| Feb’16 | 0.72 | 0.32 | 0.17 |
| Mar’16 | 1.00 | 0.33 | 0.18 |
| Apr’16 | 0.99 | 0.31 | 0.18 |
| May’16 | 0.88 | 0.32 | 0.18 |
| JUn’16 | 0.92 | 0.31 | 0.18 |
Quantity in MnT
Source: South Korea’s Customs
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