According to data released by the Korean Iron and Steel Association (KOSA), Korea imported around 18,070 tons of cold rolled (CR) stainless steel products in February, rising by 3.7% from a month ago and jumping by 50.1% year on year, hitting the 2-year high.
Among them, 506 tons were CR stainless steel sheets, falling by 60.5%; 16,511 tons were CR stainless steel wide strips, rising by 15.5% and 1,053 tons were CR stainless steel narrow strips, decreasing by 43.3%, all compared to those in a month ago.
Meanwhile, the country’s import prices of CR stainless steel products averaged at US$3,520/ton in February, soaring by 30.7% month on month.