South Korea: Hot rolled steel imports to surge in Nov

South Korea is expected to import more hot-rolled (HR) steel products in November 2023 than last month. According to import customs clearance data, 175,000 tonnes (t) of hot rolled steel were imported into Korea between 1-17 November 2023, around 30,000 t more than the same period last month.

Japanese steel remains popular Japanese hot rolled products remained the most popular, with 105,000 t imported, followed by Chinese HR at 67,000 t, and Taiwanese at 3,000 t. If the current trend continues, it is expected that between 170,000 and 200,000 t of Japanese hot-rolled products will be imported and