S. Korea’s steel imports from China accelerate
South
Korea's Iron and Steel Association (KISA) disclosed that South
Korea's steel imports from
China rose 79.1 percent year on year to 5.76 million tons in the first ten months of 2005.
KISA indicates that South
Korea's steel imports from
China are expected to surpass exports for the first time this year.
On the other hand, South
Korea's steel exports to
China fell 5.2 percent year on year to 3.97 million tons during January-October 2005 period.
In 2004, South
Korea's steel exports to
China amounted to 4.97 million tons, slightly more than 4.33 million tons of steel products imported from the country.