Posted on 13 Oct 2015
According to the data by the Korea Iron & Steel Association, South Korea imported 1.77 million tons of steel last month, down 9.9 percent from a year earlier, ending an on-year rise for second consecutive month.
Steel imports continued to expand for the second straight month on-year following a 2.3 percent rise in July. Compared with August, their imports also declined 10.7 percent, the data showed.
Imports from China accounted for 64 percent of the total with 1.13 million tons coming from the country. Japanese goods took up 30.7 percent with 545,000 tons imported.
Imports of hot-rolled steel sheets 8.6 percent on-year last month to 507,000 tons, while H-steel imports surged 14 percent over the same period to 53,000 tons.
