Korean steel billet import and export decreased in November

Korean steel billet import and export decreased in November

Summary

According to data released recently by the Korea Iron and Steel Association, in November, Korean ordinary billet exports and imports increased month-on-month and year-on-year.

Korean steel billet import and export decreased in November

According to data released recently by the Korea Iron andSteel Association, in November, Korean ordinary billet exports and importsincreased month-on-month and year-on-year. Among them, the export volume was3,865 tons, a year-on-year increase of 126.6%, down 82.3% year-on-year; theimport volume was 33,700 tons, a year-on-year increase of 14.6%, a year-on-yeardecrease of 29.6%.


From January to November, the export volume of ordinarybillet in South Korea was about 171,600 tons, a substantial increaseyear-on-year; the import volume reached 427,700 tons, down 32.7% year-on-year. InNovember, the average import price of carbon billet in South Korea wasUS$543/ton, up by US$18/ton from the previous month. Among them, the price ofcarbon billet imported from Japan by South Korea is 549 US dollars / ton, andthe price imported from Russia is 530 US dollars / ton.