Japanese wire rod exports dropped during Apr 2015

By Paul Ploumis 16 Jun 2015 Last updated at 06:15:00 GMT

TOKYO (Scrap Monster): According to recent data released by the Japan Iron & Steel Federation (JISF), the country’s wire rod exports edged lower during the month of April this year. However, average export prices increased marginally over the previous month.

The country exported 63,478 tons of wire rods during the month, down 5.6% when compared with the exports during the previous month. Japan had exported 67,244 tons during March this year. The export prices averaged at $691.80 per ton, increasing slightly by 0.2% from a month ago. The wire rods export prices had averaged at $690.40 per ton during the previous month.

The largest export destination of Japanese wire rods was China. The country’s wire rods export to China totaled 16,142 tons, accounting for more than one-fourth of the total exports during the month. The exports to China were down 7.8% when matched with the previous month.

The second largest importer of Japanese wire rods was South Korea. The country’s wire rods shipment to South Korea totaled 11,437 tons, falling sharply by 15.2% when compared with a month ago.