South Korean, EU Steel Exports Inch Lower

Steel

South Korean steel exports were down by 0.2 Mt year-on-year to 2.5 Mt in January, according to data from the Korea Iron and Steel Association (KOSA). Last month’s exports tumbled from 2.9 Mt in December 2019 — a recent peak. The country’s steel exports slipped by 0.1 Mt from 2018 to 30.4 Mt last year.

Elsewhere, EU steel exports edged lower to 20.5 Mt in 2019, down by 0.1 Mt from 2018, the most recent data from Eurofer show.