South Korea Finish Long Steel Exports Stable in Aug'18

South Korea - world's 5th largest steel producer reported stability in its monthly Finish long steel exports, as per custom data maintained by SteelMint.

As per data, the nation has exported about 0.23 MnT Finish long steel in Aug'18 which is constant against Jul'18 at 0.23 MnT.

Coming to total exports in CY 2018 (Jan-Aug), the nation has exported about 1.74 MnT; up by around 6.09% as compared to 1.64 MnT in the same preceding last year.

On yearly basis Aug'18 exports of the nation inch up by 4.54% against 0.22 MnT in Aug'17.

Country Wise

Major importers were - Malaysia & Canada registered at 0.03 MnT in Aug'18 against 0.02 MnT in Jul'18 elongated by 50%.

South Korea long steel exports to Japan slightly down - Out of total Finish Long exports in Aug'18, Imports in Japan registered at 0.02 MnT against 0.03 MnT Jul'18; down by 33.34% M-o-M.

Sub-Commodity Wise

Under Finish Long commodities following HS Codes has been considered - Bar & Rod (HS Code 7213 & 7214), Angle & Shapes (HS Code 7215 & 7216) & MS Wire (HS Code 7217).

During Aug'18, in finish long exports, Structure have contributed the major exports proportionate and registered at 0.11 MnT, down by 8.34% followed by Rebar 0.09 MnT and remaining MS Wire registered at 0.02 MnT which is stable M-o-M basis.

Updates

-- South Korea is the second largest major scrap importer from Russia, imported about 117,551 MT in July, up 30% M-o-M. The total ferrous scrap exports from Russia was at 483,464 MT in Jul'18 as against 435,675 MT in Jun'18; increased 11% M-o-M.

-- According to data maintained with SteelMint, India imported 1.44 MnT galvanized and coated steel in FY18 primarily from South Korea, China , Japan and Vietnam.

-- An eastern India (Odisha) based pellet maker has recently concluded an export deal for around 55,000 MT for regular grade pellets ( containing 3% alumina). According to the sources, the deal has been concluded at around USD 150/MT, CFR South Korea.