2019 Korea’s Steel Exports to USA

2020-10-13 14:02:43

South Korea’s steel exports to the United States in 2019 fell short of its U.S. export quota.

The Korea International Trade Association announced on Jan. 7 that South Korean companies exported 2.3 million tons of steel products to the United States from January to November 2019. Last year’s total is estimated at 2.5 million tons, which is a nine-year low and less than their annual export quota. This has to do with worsened local market conditions and anti-dumping tariffs on individual products.