South Korea's steel exports to U.S. plummet 26% amid rising tariffs | Metals Mine

  • South Korea's steel exports to U.S. plummet 26% amid rising tariffs

    From biz.chosun.com

    As high tariffs in the United States began to take effect, South Korea's steel exports to the U.S. fell below 200,000 tons for the first time in a year and a half last month. Both export value and volume showed significant declines, increasing tension throughout the industry. According to the Korea International Trade Association on the 24th, South Korea's steel export value to the U.S. in July was $283.41 million, a decrease of 25.9% compared to the same month last year ($382.55 million). This marks the largest drop in 2 years and 6 months since January 2023, and the lowest level in terms of export value since March ... (full story)

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