South Korean steel exports reach 8.5 million MT until November in 2016

According to data released by the iron and steel association, South Korea, in November, the south Korean steel exports reached 2.56 million tons, fell 5.3% year on year, fell 4.4%.

At the same time, steel imports fell 11.5% year on year to 1.66 million tons, respectively, fell 16.1%. In November, the south Korean steel net imports of 908000 tons, compared with the same period last year increased by 73000 tons.

At the same time, the accumulated from January to November, South Korea steel exports reached 28.7 million tons, fell 2.3% year-on-year, while steel imports fell 3.4% year on year to 20.1 million tons, steel net exports reached 8.51 million tons, 40000 tons more than the same period last year.