South Korean and EU Steel Trade Update
South Korean steel exports rose by 0.2 Mt year-on-year in April to 2.7 Mt, the Korean Iron and Steel Association reports. Shipments have now risen on an annual basis for six consecutive months. At 10.7 Mt, steel exports in January-April were up by 1.4 Mt on the same period last year.
EU steel exports fell by 0.6 Mt year-on-year in the 1q17 to 5.2 Mt, the lowest quarterly export total since the 1q09, according to Eurofer.