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South Korea's cold rolled coil imports increased

South Korea's CRC imports increased

South Korea's cold rolled coil imports increased

According to the latest data cited by the Korea Iron and Steel Association (KOSA), imports of cold-rolled stainless steel coils recorded a remarkable growth of 17.4% in the first 11 months of this year. The total import volume reached 317,000 tons, a significant increase compared to the same period in 2022.

There was a slight decline in South Korea's imports from China. Stainless steel coil imports from China recorded a decrease of 9.3% compared to 2022, with approximately 129,000 tonnes accounting for 40.8% of the total. In addition, supplies from Vietnam recorded a significant increase, increasing by 77% and reaching 81,400 tonnes.

Another important country in South Korea's stainless steel coil imports was India. Approximately 17,400 tons of Indian imports during this period represent an increase of 111% on an annual basis.

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