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MoF: Japan steel exports fell 11% in September
Oct 29, 2015 16:17CST
Source:SMM
According to data released by the Japanese Ministry of Finance (MoF), the country's steel products export dropped sharply during September this year.

By Anil Mathews (ScrapMonster Author)
October 29, 2015 01:52:08 AM
According to data released by the Japanese Ministry of Finance (MoF), the country's steel products export dropped sharply during September this year.MoF: Japan's steel exports fell 11% in September
TOKYO (Scrap Monster): According to data released by the Japanese Ministry of Finance (MoF), the country’s steel products export dropped significantly by 3.7% in September over the previous month. The country’s exports totaled 3,303 thousand tons (t/t) during the month, which was 10.9% down when compared with the exports during the same month a year before.

The exports generated 289 billion Japanese Yen during the month. The steel products export revenue dropped sharply by 17% when compared with those during the same month a year before. The exports of steel products had generated revenue of Yen 348 billion during September last year.

The steel exports to Asian region totaled 2,608 t/t, down 8.9% when compared with the exports during September 2014. Of these, the exports to China fell by 18.3% year-on-year to 411 t/t. Japanese steel exports to ASEAN countries totaled 1,050 t/t, registering yearly drop of 2.7%. The exports to the Middle East region fell sharply by 38% over the year to 82 t/t. The exports to the USA were down 27.1% to 175 t/t and those to the EU region were up 17.1% to 27 t/t in September this year. Meantime, exports to Russia plummeted 90.6% to just 2 t/t during the month.

Also, the imports of steel products during the month of September this year totaled 673 t/t, marginally up by 0.1% when compared with the previous month. Year-on-year, the imports dropped heavily by 11.8%.

Meantime, Japan’s imports of steel products from Asian region were down by 9.4% in September this year upon comparison with the previous year. The imports from Asian region totaled 561 t/t during the month. The imports from the EU region plunged 11.8% to 10 t/t during the month of September this year.

steel exports
Japan Steel exports

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