Author: 05 Mar 2012 Last updated at 07:43:30 GMT

South Korea's steel export values up 44.4% Y-o-Y to $3.6 bn in Feb

SEOUL (Scrap Monster): South Korea’s steel export values increased sharply by 44.4% year-on-year to $3.6 billion in February, according to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy.

According to the data, country's total export value rose by 22.7% year-on-year to $47.2 billion and in February trade balance indicate a $2.2bn surplus.

The export value of ships in South Korea reported an increase of 9.6% year on year to $4.6 billion in February while its general machinery exports reached a value of $4.3 billion, climbing by 37.1 % year on year.

Exports to emerging economies such as China and ASEAN countries continued to grow in February while exports to key trading partners like United States and European Union increased compared to last February.

South Korea's imports rose by 23.6% year on year hitting $45 billion in February. Inbound shipments of raw materials gained 24.7 % on the back of rising demand for gas, crude oil and coal.

METAL PRICE CHARTS

GET PRICE CHARTS

Silver Scrap Price Charts

18ct Gold Scrap Price Charts

Platinum Scrap Price Charts

RELATED NEWS

Amended metal recycling bill passes committee

February 27th 2015 12:43 PM
Amended metal recycling bill passes committee
After amending a bill that would have gutted local health departments' efforts to regulate scrap-metal yards

Japanese H2 scrap average prices drop for tenth week in a row

February 27th 2015 07:31 AM
Japanese H2 scrap average prices drop for tenth week in a row
The average price of Japanese H2 scrap declined further during the fourth week of February this year

Pakistan's iron and steel scrap imports surge in Jan '15

February 27th 2015 07:30 AM
Pakistan's iron and steel scrap imports surge in Jan '15
According to latest statistics released by the Pakistan Federal Bureau of Statistics (PFBS)

Metals mergers and acquisitions to remain weak in 2015: PwC

February 27th 2015 03:03 AM
Metals mergers and acquisitions to remain weak in 2015: PwC
The lack of conviction in strong and sustainable economic growth among global nations will keep the merger and acquisition in…
Scrap Item Price Unit
6063 Extrusions 0.79 $US / Lb
Zorba 90% NF 0.69 $US / Lb
6061 Extrusions 0.77 $US / Lb
Old Sheet 0.65 $US / Lb
Al/Cu Radiators 1.46 $US / Lb
Old Cast 0.66 $US / Lb
Next Story