Exports of steel pipes from South Korea increased in July

According to the Korea Iron and Steel Association (KOSA), exports of steel pipes from South Korea's domestic steel mills totaled 160,400 tons in July, up 9.7% from the previous month and up slightly by 0.3% from the previous month. the same month last year. year. The increase in exports may be caused by rising world oil prices and increased demand for steel energy pipes.

During this period, the US was South Korea's main steel pipe importer, accounting for 56% of total exports.

At the same time, South Korea's steel pipe imports totaled about 55,000 tons, up 29% m/m and 29.7% year on year. South Korea imported the most steel pipes from China - 49,000 tons.