In October this year, South Korea's imports of cold rolled steel sheets declined slightly from September levels but still exceeded 50,000 mt.

According to the Korea Iron and Steel Association, South Korea's inbound shipments of cold rolled sheet totaled 50,816 tonne in October, down 0.6% from September but up 22.5% from a year earlier.

South Korea's imports of Chinese cold rolled sheets totaled 37,780 tonne in October, down 4.5% MoM, accounting for 74% of the total cold rolled sheet import figure. In October, South Korea imported 8,039 tonne of cold rolled sheet from Japan and 1,785 tonne from Taiwan, down 13% and 13.6% year on year, respectively.

Meanwhile, South Korea exported 296,711 tonne of cold rolled sheet in October, a slight drop from the preceding month's 272,617 tonne. Japan was the largest destination for outbound cold rolled sheet shipments with 63,167 tonne

Furthermore, South Korea's imports of hot dip galvanized steel sheets in October increased by three percent to 24,937 tonne month on month, while South Korea's exports of these materials decreased 4.8 percent month on month to 37,973 tonne, including 10,351 tonne sold to China.