Korea’s aluminum flat product exports increased 12.9 percent in March totaling 51,477 tons under the statistics collected by the Korea International Trade Association, but the import figure surged 17.2 percent from 31,310 tons a year ago to 36,699 metric tons.
In particular, import from China has risen remarkably in the market share as much as 79.4 percent over the first three months this year, from a 75.8 percent in the whole course of 2018, surging to 83,042 metric tons of a total import of 104,576 tons, the Association statistics revealed.
China’s aluminum materials keep rising over a few years last into the Korean market, i.e., 64.4 percent in 2014, to 69.4 percent following year, and 53.3 percent in 2016, 64.4 percent in 2017 and 75.8 percent last year at last, the domestic aluminum industry frets.
Source: Steel&Metal News |