September Korean steel exports continue to increase

September Korean steel exports continue to increase

According to data from Korea Iron and Steel Association, in September, Korean steel exports continued to grow, up 5.7% year-on-year to 2770913 tonnes, but compare with August fell down 0.2%. Steel imports fell 29.4% year-on-year to 1,507,463 tonnes, down 6.9% from August.

In terms of products, the export of Korean pipe products continued to improve in September to 272,304 tons, an increase of 6.3% improve the overall export of steel. From January to September, the total exports of pipe products reached 2.45 million tonnes, up 71.2% over the same period of last year. The export of long products also increased slightly by 1.4% year-on-year to 243,132 tonnes.

In September, South Korea’s hot rolled coil exports dropped by 23.7% year-on-year to 547,464 tonnes. From January to September, the total export of South Korean flat products was 5.226 million tonnes, down 19.1% from the same period of last year. Sheet exports showed a gradual recovery trend. In September, Korean sheet exports increased by 44.3%, exceeding 3 million tonnes.

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