Korean Import Chinese Steel Rose in July

2015-08-27

According to the data of Korean Iron And Steel Institute, Korea Steel Import reached 1960000 tons in July, 2015, 10% comparative growth on moving base, and year-on-year growth of 2%. In July, Chinese Import Steel was 1350000 tons, 23% comparative growth on moving base, and year-on-year growth of 21%, while Japanese Import Steel was 509000 tons, 7% comparative growth on moving base, and year-on-year growth of 18%.

Despite all this, for the low steel import at the beginning of 2015, the total steel import from January to July, 2015 was 12790000 tons, falling 4% year-on-year, among which the main steels like medium and heavy steel plate, hot-rolled coil, wire rod, galvanized sheet and cold-rolled coil, falling from 1% to 23% year-on-year.

In the first 7 months of 2015, Korean import Chinese hot-rolled coil, fell 1% year-on-year, while Japanese hot-rolled coil, fell 4% year-on-year. Chinese medium and heavy steel plate Import was 1040000 tons, falling 13% year-on-year, while Japanese medium and heavy steel plate Import was 519000 tons, falling 27% year-on-year. For the strong demand of Rebars and H-beam made in China, Chinese long log import reached 2630000 tons, year-on-year growth of 12%.