Taiwan: Flat Steel Exports Drop 6% in Q3 CY18
As per latest custom data,Taiwan flat steel exports which includes 7208 (HR coils/Plates),7209(CR coils),7225(Electrical sheets),7210/7212(GP/GC) drop by 6% in Q3CY18 to 2.15 MnT which was 2.29 MnT in previous quarter.Imposition of USA trade tariffs on steel imports and aluminum results to decline in exports volumes in this quarter.
On monthly basis nation’s flat steel exports recorded significant hike in Sep’18 to 0.86 MnT as compared to 0.51 MnT in previous month.
Lower steel prices from China and Taiwan leads to surge in imported HRC to Vietnam since Vietnam stood as the major importer of both the nations.Despite USA trade tariffs,Taiwan's steel exports are adjusted towards Europe and South East Asia.However nation will continue to strive for U.S. tariff and quota exemptions.
Similarly on yearly basis, nation’s flat steel exports rose by 12% in Sep’18 as compared to 0.77 MnT in same month of previous year.
Country-Wise Taiwan Flat Steel Exports in Q3CY17 - Taiwan majorly exports flat steel to Vietnam.In Q3 CY17 nation has exported 0.3 MnT to Vietnam.Second major importer was China which stood at 0.27 MnT in Q3CY17.Meanwhile Japan imported 0.22 MnT ,Malaysia at 0.22 MnT and Spain at 0.13 MnT in Q3CY17.
source: SteelMint
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