South Korea: Colour steel sheet exports rise 15%, y-o-y, in Feb'22

Colour steel sheet exports by South Korean mills stood at 105,312 tonnes (t) in Feb'22, up 15% compared to 91,584 t in Feb'21. However, on a month-on-month basis, exports decreased by 13% as against 121,471 t in Jan.

In Jan-Feb, colour steel sheet exports reached 226,783 t, an increase of 18% as against 192,586 t in the same period last year.

South Korean mills shipped lesser colour steel sheets to Southwest Asia at 12,999 t (down 5%), Southeast Asia at 12,268 t (down 21%) and South America at 1,582 t (down 31%).

On the other hand, export volumes to Japan, China, Indonesia, Europe and America jumped 141%, 19%, 6%, 82% and 2% respectively in Feb versus the same month last year.

Imports decline

Colour steel sheet imports by South Korean mills were recorded at 16,710 t in Feb, a decline of 30% from 23,775 t in Feb'21. That apart, imports dropped by 35% m-o-m from 25,904 t in Jan.

In Jan-Feb this year, imports dropped by 29% to 42,614 t compared to 59,618 t in the year-ago period.

South Korea imports colour steel sheets mainly from China. In Feb, China's share in imports to South Korea was 98% at 16,514 t, a decrease of 30% y-o-y.

Note: This article has been published in accordance with an article exchange agreement between SteelDaily and SteelMint.