China’s steel exports to S. Korea gain momentum
Korea Iron and Steel Association disclosed that South
Korea imported 3.45 million tons of steel products from
China during the January-May 2005 period, an increase of 187.9% year on year.
However, South
Korea's steel exports to
China declined 12.6% year on year to 2.01 million tons in the first five months of the year.
For the first five months of 2005, South
Korea's total steel imports rose 17% year on year to 8.59 million tons while steel exports increased 6.1% to 6.7 million tons.
Steel imports from all other countries, including
Japan,
Europe and
Brazil saw a decline. On the other hand, South
Korea's steel exports to other countries strengthened.