Posted on 04 Dec 2015
The imports during the
month declined sharply by nearly 5.7% when compared with the previous
month. The steel scrap imports by Japan totaled 10,700 tons in October.
Japan had imported 11,400 tons of steel scrap during the month of
September this year. Upon comparison with the import during the same
month a year before, the Japanese steel scrap imports during September
this year were down by nearly 36.3%. The country had imported 16,800
tons of steel scrap during October 2014.
During the month of
October, the largest exporter of steel scrap to Japan was South Korea.
The exports from South Korea totaled 7,000 tons. The Japanese imports
from South Korea dropped sharply by 22.7% when compared with the imports
of 9,050 tons during Oct ‘14. The imports from Korea accounted for
nearly 65.4% of the total steel scrap imports by Japan during the month.
The
country’s steel scrap exports during the initial ten-month period of
the year totaled 123,000 tons. The cumulative imports dropped heavily by
64.0% year-on-year during this period. The steel scrap imports by Japan
during January to October last year had totaled 342,000 tons.
The
largest exporter of steel scrap to Japan during the initial ten-month
period of the year was South Korea. The exports from South Korea totaled
81,000 tons. The Japanese imports from South Korea dropped marginally
by 0.3% when compared with the imports during the corresponding period a
year before. In second place was the US with total exports of 13,000
tons. The steel scrap exports from the US to Japan dropped sharply by
88% year-on-year.
