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South Korea reduces hot rolled steel export to US- The 19th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
10/10/2017 plate metal expo-wire expo |
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According to Korea Iron & Steel Association, during January to August of this year, South Korean hot-rolled steel exports to the US declined by 75.2% to 197,868 tons compared with the same period of last year.
The Korean government reduced steel exports to the US due to the US tariff restrictions. The US Department of Commerce (DOC) has decided to impose the duty of 13.38-57.04% on hot-rolled steel imports from Korea in August last year.
Among them, Posco has also been levied the tariff of 57.04% which exported hot-rolled steel sheets more than 70%.
Some mills explained the US imposed the higher tariff on Korea, so that the trade measure facilitated the export benefits and expansion from Mexico, India and Indonesia.
-- The 19th China (Guangzhou) Int’l Plate
metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
Plate metal exhibition, Plate metal
expo,2018 Plate metal exhibition,2018 Plate metal expo, Bar exhibition, Bar
expo,2018 Bar exhibition,2018 Bar expo, China Bar exhibition, China Bar expo,
wire exhibition, wire expo,2018 wire exhibition,2018 wire expo, Metal
Processing exhibition, Metal Processing expo,2018 Metal Processing
exhibition,2018 Metal Processing expo, China Metal Processing exhibition, China
Metal Processing expo.
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