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08 Sep
08:14

Korea sees Chinese steel imports continue to surge

South Korea is likely to see all-time record high steel imports from China this year, according to the Posco Research Institute (Posri). Korea is already the largest importer of Chinese steel and the third largest importer of steel globally after the USA and Germany, Kallanish notes. South Korea could import 14.91 million tonnes of Chinese steel in 2016, Posri estimates. Chinese data shows that its exports to Korea were up 13.49% year-on-year over January-July a…
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