A few days ago, south Korean media reported that South Korea's industry minister, according to statistics published this year in June South Korea's iron and steel products export volume of $3.198 billion, up 22.4% from a year earlier, the growth in South Korea's main export commodities in second; January to July, and South Korea steel products exports year-on-year growth of 9.2%, to $20.666 billion.
Since early this year, the south Korean steel products export performance significantly, per ton of steel products export average unit price is on the rise. Mainly because the developed countries and regions such as the United States and the European Union's economy in the recovery, steel consumption demand has increased, at the same time to launch the south Korean steelmakers to high-tech content and high value-added steel products export strategy has begun to appear, this kind of product exports began to increase. Posco, for example, in the first half of last year export of steel products in total exports accounted for 42%, in the first half of this year accounted for rose to 45%; Modern steel ratio rose to 21% from 27%.
In addition, in July of this year, south Korean imports of 1.887 million tons of steel, rose 15% year-on-year, rose by 3.8%. January to July, and South Korea steel imports of 13.097 million tons, year-on-year growth of 15.5%. Among them, from Japan's imports of 4.218 million tons, fell 7.7% year on year; Japan steel products market share of 12.8%, in South Korea fell by 2.3%. At the same time, South Korea steel imports of 11.21 million tons in the first half of this year, in the south Korean steel market share of 39.8%. Among them, the largest imports is hot rolled steel plate, is 3.21 million tons.