Japan Finish Flat Import Increases 4% in CY17
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According to the latest customs data, Japan flat steel imports which includes 7208 (HR coils /Plates), 7209 (CR coils), 7225 (Electrical sheets), 7210/7212(GP/GC) reported hike of 4% in CY17.
Nation has imported 4.42 MnT of flat steel in CY17 in comparison 4.27 MnT in CY16.
On monthly premise nation's flat steel imports went down by 8% in Dec'17 to 0.35 MnT against 0.38 MnT in Nov'17.
Although on yearly basis nation's flat steel imports moved up slightly by 3% in Dec'17 against 0.34 MnT in preceding year.
Grade-Wise Japan Flat Steel Imports in CY17-
| Sub Commodity | CY17 | CY 16 | Change in % | Dec'17 | Nov'17 | M-o-M Basis |
| HRC/Plate | 2.3 | 2.26 | 1.70 | 0.19 | 0.19 | 0 |
| CRC | 0.94 | 0.79 | 19.00 | 0.08 | 0.07 | 14.2 |
| Galvanised Steel | 0.89 | 0.75 | 19.00 | 0.1 | 0.08 | 25 |
| Electrical Steel | 0.27 | 0.46 | -41.30 | 0.01 | 0.01 | 0 |
| Others | 0.03 | 0.01 | 200.00 | 0 | 0 | 0 |
| Grand Total | 4.43 | 4.27 | 4% | 0.35 | 0.38 | -8% |
Quantity in MnT
Source-SteelMint Research
Country-Wise Flat Steel imports of Japan in CY17- In CY17 South Korea exported 3 MnT which contributed 67.69 % of share. Besides this other importers of flat steel from Japan were Taiwan which stood at 0.94 MnT (accounted for 21.29% of share) and China at 0.46 MnT (contributes 10.43% of share) in CY17.
In the month of Dec'17,Japan has imported 3 MnT of flat steel from South Korea which was 0.23 MnT in previous month.Other major countries include Taiwan which stood at 0.08 MnT and China at 0.03 MnT in Dec'17.
