Japan H-beam exports declined 13% in October

By Anil Mathews (ScrapMonster Author)

December 04, 2015 02:18:53 AM

TOKYO (Scrap Monster): The latest export statistics released by the Japanese Ministry of Finance (MoF) indicates that the country’s H-beam exports totaled nearly 42,000 tons during the month of October this year.

The H-beam exports by Japan were down by 12.7% when compared with the previous month. The September exports by the country had totaled over 48,000 tons. When compared with the same month a year before, the H-beam exports were up by almost two times.

According to MoF data, the country’s H-beam export prices averaged around US$ 509 (Yen 61,000) per ton FOB during the month. The export prices have dropped by almost Yen 1,000 from the previous month.

The largest export destination of Japanese H-beams in October this year was Hong Kong. The exports to Hong Kong totaled 11,000 tons, constituting more than one-fourth of the total exports by the country. The second largest importer of Japanese H-beams was the UAE with almost 23% export share of Japan during the month. The exports to the UAE totaled 10,000 tons. In third place was South Korea with 5,000 tons.

The cumulative H-beam exports by Japan during the initial ten-month period of the year totaled 414,200 tons, up by nearly 46% when matched with the corresponding period last year.

Meantime, H-beam imports by Japan in October this year totaled 1,000 tons, significantly down by 69% from previous month. The imports declined by almost 75% when matched with the previous year. All of H-beam imports during the month were from China. There were no imports from Korea. This is the second straight month that imports from Korea have remained nil. Also, cumulative imports during the first ten-year period of the year dropped sharply by 66% to 25,000 tons.