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19 Aug
01:00

Korean steel imports return to growth

South Korean steel exports were up year-on-year in July for the first time since March as volumes from China surged. Japan is increasingly being shut out of the market however as demand for its products shrinks and it struggles to compete with China, Kallanish notes. Korea imported 1.96 million tonnes of finished steel in July, up 2.3% year-on-year, according to the Korea Iron and Steel Association (Kosa). Over January-July, imports were still down -3.9% to …
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