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S. KOREA'S 2005 STEEL IMPORTS EXCEED EXPORTS FOR FOURTH YEAR.
SEOUL, March 1 Asia Pulse - South Korea saw its steel imports surpass exports in 2005 for the fourth consecutive year due to a surge in imports of cheap Chinese steel, a trade association said Wednesday.
South Korea imported 18.87 million tons of steel products last year, while the country exported 16.26 million tons, the Korea Iron & Steel Association said.
But the value of exports was greater than that of imports last year, as most of the exported steel products were high-priced, the association said.
Last year's exports were valued at US$14.64 billion, while ...
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...March 1 (Yonhap) -- South Korea saw its steel imports surpass exports in 2005...association said Wednesday. South Korea imported 18.87 million...association predicted that South Korea's steel imports would edge down 0.7 percent...
Source: HighBeam Research, S. KOREA'S 2005 STEEL IMPORTS EXCEED EXPORTS FOR FOURTH YEAR.