Japan - Flat Steel Export Increases by 15% M-o-M in Oct'18
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According to latest customs data released, Japan flat steel exports which includes 7208 (HR coils /Plates),7209 (CR coils),7225 (Electrical sheets),7210/7212(GP/GC) stood at 2.09 MnT in Oct'18 surge by 15% M-o-M against 1.82 MnT in previous month.
However on yearly basis nation's flat steel export volumes rose by 11% in Oct'18 against 1.89 MnT in Oct''17.
According to METI,Ministry of Economy,Trade and Industry anticipates surge in steel exports as nation steel export to United states is weakening amid strong demand in domestic market.However Japan's trade with both China and the United States has remained resilient despite a tit-for-tat tariffs war between those two countries
During first ten months of Jan-Oct'18, nation's flat steel exports stood at 20.52 MnT fell by 3% which was 21.1 MnT in same time frame of previous year.
Thus, Japanese steelmakers are enjoying solid domestic demand from automakers and machinery manufacturers as well as the construction sector, which is busy with projects for the 2020 Tokyo Olympics.But natural disasters and glitches at their facilities have prevented them from producing as much steel as they had planned.
Commodity Wise Flat steel exports from Japan in Oct'18
| Sub Commodity | Oct'18 | Sep'18 | M-o-M (Change in %) | Oct'17 | Y-o-Y (Change in %) |
| HRC/Plate | 1.1 | 0.96 | 14.58 | 1.02 | 7.84 |
| Electrical Steel | 0.5 | 0.45 | 11.11 | 0.43 | 16.27 |
| Galvanized Steel | 0.24 | 0.23 | 4.34 | 0.24 | 0 |
| CRC | 0.24 | 0.16 | 50 | 0.18 | 33.33 |
| Others | 0.02 | 0.01 | 100 | 0.01 | 100 |
| Grand Total | 2.09 | 1.82 | 15% | 1.89 | 11% |
Quantity in MnT
Source-SteelMint Research
Country-wise Japan Flat steel exports in Oct'18- China remained the largest flat steel importer of Japan and imported 0.39 MnT in Oct'18 up by 15% against 0.34 MnT in previous month.
Second largest importer was Thailand at 0.41 MnT in Oct'18 up by 28% as compared to 0.32 MnT in previous month.
Third largest importer was South Korea at 0.28 MnT,in Oct'18 rose by 17% against 0.24 MnT a month ago.
Other major importers were Vietnam at 0.17 MnT in Oct'18 against 0.13 MnT in previous month.Followed by Mexico which remain stable at 0.15 MnT,Indonesia at 0.13 MnT,India at 0.06 MnT and Malaysia at 0.09 MnT in Oct'18.
Japan flat steel imports in Oct'18- Nation's flat steel imports stood at 0.4 MnT surge by 38% as compare to 0.29 MnT in previous month.However on yearly basis the same up by 21% in Oct'18 which was 0.33 MnT in previous year.
Country-Wise Japan flat steel imports- In Oct'18 Japan mainly imported flat steel from Korea at 0.25 MnT ,Taiwan at 0.10 MnT and China at 0.05 MnT.
