South Korean rebar imports soared to 85,300 tons in July

Release time：Sep 02, 2019 From：admin

In July, South Korea's rebar imports were about 85,300 tons, up 298.9% year-on-year and 31.5% quarter-on-quarter. From January to July, South Korea's rebar imports were about 531,700 tons, a year-on-year increase of 53.2%.

In July, South Korea imported 37,900 tons of rebar from China, an increase of 41.8% from the previous month and an increase of 441.2% from the same period last year. Since January of this year, South Korea's rebar imports from China have continued to remain above 40,000 tons per month, and since June, imports have been around 40,000 tons or less. As of the end of July, South Korea imported 334,100 tons of rebar from China, an increase of 111.8% year-on-year; imported rebar from Japan was 12.82 million tons, down 11.2% year-on-year.

In July, the average price of Korean rebar imports was US$528/ton, down by US$18/ton from the previous month.