SK: HDG steel exports rise over 20%, m-o-m, in July

South Korea's hot-dipped galvanised (HDG) steel exports rose by 22% m-o-m to 122,203 tonnes (t) in July 2022 compared to 99,901 t in the previous month. On a monthly basis, exports increased by 18% against 103,540 t in July 2021, as per data from the Korea Steel Association. Export volumes increased due to easing logistics issues.

However, on a cumulative basis, exports dropped 3% y-o-y to 827,065 t during January-July 2022 as compared with 849,401 t in the same period year ago. Imports decline sharply in July Import volumes of HDG steel declined sharply by 18% m-o-m to 57,819 t in July compared with 70,779 t in