Japan’s CR sheet and strip shipments up 14% in May

Friday, 06 July 2012 11:58:27 (GMT+3)   |  
       

In May this year, Japan's cold rolled sheet and strip shipments increased by nine percent month on month and were up by 14 percent on year-on-year basis, according to the Japan Iron and Steel Federation (JISF) data. The country's CR sheet and strip shipments amounted to 564,811 metric tons in May, while 48 percent of shipments were made to the domestic market, and the remaining 52 percent were made to the export markets.

Meanwhile, in May, Japan's CR sheet and strip inventories decreased by two percent from the previous month, to 660,337 metric tons, down 14 percent year on year. 70 percent of inventories were held by steel manufacturers, while 30 percent were held by steel traders.

The average domestic price for CR sheet and strip in Japan in May was JPY 82,000/mt ($1,026/mt), stable compared to the previous month and down JPY 5,000/mt ($62.6/mt) year on year.

In the month in question, Japan's CR sheet and strip output totaled 552,192 metric tons, increasing by nine percent from April and up three percent year on year.


Similar articles

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Scrap & Raw Materials

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Ex-India HDG and CRC prices edge down, trade remains in doldrums

28 Mar | Flats and Slab

Ex-China CRC offer prices fail to recover amid futures price drop

27 Mar | Flats and Slab

CRC consumption in Mexico up 23.4 percent in January

26 Mar | Steel News

CRC import price offers stable in Brazil

25 Mar | Flats and Slab

Indian CRC prices stable amid thin trading and negative manufacturing outlook

25 Mar | Flats and Slab

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab