South Korea's steel imports jumped nearly 14 percent in August from a year earlier, responding to strong demand from the country's construction sector, the latest data showed.
South Korea imported 1.99 million tonnes of steel last month, up 13.8 percent from a year earlier, according to the Korea Iron & Steel Association. The growth rates were the highest for the past period of this year.
Steel imports have continued to expand for several months in a row when compared at an annual level. Imports grew 2.3 percent in July and rose 1.2 percent in June.
Imports from China accounted for 65 percent of the total. Chinese imports totaled 1.29 million tons to the country during the month. Japanese goods reached 27.9 percent of imports and amounted to 554,000 tons.
Imports of hot-rolled steel sheets rose 14.1 percent year-on-year, while imports of H-beams fell 25.1 percent year-on-year, affected by the Seoul government's decision in late July to impose anti-dumping duties on these products from China.
South Korea's steel imports continue to grow
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Azovpromstal® 11 September 2015 г. 09:43 |
