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  8. Steel Imports Report: China

    China is the worlds eighth largest steel importer. In 2017, China imported 13.8 million metric tons of steel, a 2 percent increase from 13.4 million metric tons in 2016. Chinas imports represented about 4 percent of all steel imported globally in 2016.

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    China accounted for the largest share of South Koreas imports by source country at 51 percent (2 mmt), followed by Japan at 35 percent (1.4 mmt) and Taiwan at 5 percent (0.2 mmt). The United States ranked 16th as a source for South Koreas steel imports in YTD

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    Among South Koreas top import sources, China, Japan, and Indonesia sent the largest shares of their steel exports to South Korea. Flat products accounted for the largest share of steel exports to South Korea from China and Japan in 2018, at 57 (4.0 million metric tons) and 59 percent (3.1 million metric tons) respectively.

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    Western Europe, USA and China up 1.9%, 0.2% and 0.2%. World Export down 0.8%. SteelBenchmarkerTM Report #296 ENGLEWOOD CLIFFS, NJ The bi-monthly SteelBenchmarkerTM Western Europe HRB price for August 13th increased 1.9% to $649 per tonne (on a Euro basis, it was up 4.4%) for the second consecutive time.

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