Japan's iron and steel product exports down 12.5 percent in May

Monday, 03 July 2017 17:14:03 (GMT+3)   |   Istanbul
       

In May this year, Japan's iron and steel product exports amounted to 3.19 million metric tons, rising by 6.5 percent month on month and down by 12.5 percent year on year, while Japan's iron and steel product imports totaled 708,950 metric tons, with a month-on-month decrease of 0.5 percent and a year-on-year rise of 11.5 percent, according to the customs statistics released by the Japanese Ministry of Finance (JISF).

In the January-May period of this year, Japanese iron and steel product exports amounted to 16.06 million mt, declining by 7.1 percent, while Japanese iron and steel product imports came to 3.54 million mt, rising by 6.5 percent, both compared to the same period of 2016. 

Regarding Japan's major iron and steel product export markets, in the first five months of this year the country's iron and steel exports to South Korea totaled 2.57 million mt, down 13.6 percent, while exports to China increased by 6.7 percent to 2.4 million mt, the export volume to Taiwan amounted to 1.16 million metric tons, up 10 percent, exports to Thailand totaled 2.27 million metric tons, falling by 2.8 percent, while exports to the US totaled 780,673 metric tons, falling by 1.1 percent, all year on year. 

In the January-May period of the current year, Japan imported 1.75 million metric tons of iron and steel products from South Korea, up 15.7 percent, it imported 590,974 metric tons from China, decreasing by 16.7 percent, while imports from Taiwan rose 5.9 percent to 478,196 metric tons, all compared to the same period of last year.

Exports

Imports

 

May

2017 (mt)

Change m-o-m (%)

January-May 2017

Change y-o-y (%)

May

2017 (mt)

Change m-o-m (%)

January-May 2017

Change y-o-y (%)

Semi-finished

343,162

-2.5

1,730,330

-17.3

18,826

-6.0

94,056

-0.6

Bars

39,048

3.8

204,534

-35.4

2,650

120.8

13,836

-11.1

Wire rod

57,677

10

283,190

-15.8

6,346

14.6

31,179

-11.1

Heavy plate

164,548

31.1

771,785

-35.3

71,984

8.5

314,586

50.9

HRC

951,103

-2.2

5,123,713

-7.6

142,759

4.4

725,137

3.1

CRC

226,326

11.7

1,086,744

-0.2

71,290

-5.7

402,622

22.4

Galvanized sheet

255,296

12.8

1,243,258

6.2

65,820

25.2

297,280

-5.4

Special steel

708,445

9.6

3,521,739

5.8

92,982

24.7

368,809

-18.3

Stainless steel

85,441

1.8

421,148

4.7

27,789

53.3

102,818

17.2


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