S. Korean steel export to U.S. slammed on the back of its export quota
- 6 years ago
쿼터 대상 철강 및 태양광 모듈 제품 대미 수출 빠르게 감소
Korea's steel exports to the United States have suffered due to President Donald Trump's import restrictions.
According to the Korea International Trade Association on Wednesday,… exports to the U.S. have fallen sharply since Washington applied an export quota in March.
Exports of quota items including steel and solar modules dropped by 34-point-1-percent from April to May, compared to the year before.
In exchange for an exemption from the 25 percent steel import tariffs applied to other countries, South Korea accepted a quota of about 2-point-6-8 million tonnes of steel exports, or 70 percent of the annual average Korean steel exports to the U.S. between 2015 to 2017.
South Korea is not allowed to export steel products exceeding that quota to the U.S. market.
Korea's steel exports to the United States have suffered due to President Donald Trump's import restrictions.
According to the Korea International Trade Association on Wednesday,… exports to the U.S. have fallen sharply since Washington applied an export quota in March.
Exports of quota items including steel and solar modules dropped by 34-point-1-percent from April to May, compared to the year before.
In exchange for an exemption from the 25 percent steel import tariffs applied to other countries, South Korea accepted a quota of about 2-point-6-8 million tonnes of steel exports, or 70 percent of the annual average Korean steel exports to the U.S. between 2015 to 2017.
South Korea is not allowed to export steel products exceeding that quota to the U.S. market.