Japan Flat Steel Imports Surged 15% M-o-M in Nov'17
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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 the increase of 15%,M-o-M basis to 0.38 MnT in Nov17 in comparison 0.33 MnT in Oct'17.
However,on yearly basis, nation's flat steel imports went down by 5% in Nov'17.The same stood at 0.4 MnT in Nov'16.
During the tenure of eleven months (Jan-Nov) of CY17,nation's flat steel import increased by 4% to 4.08 MnT against 3.93 MnT in similar time frame of previous year.
Grade-Wise Japan Flat Steel Imports in Nov'17-
| Sub Commodity | Nov'17 | Oct'17 | M-o-M Change in % | Nov'16 | Y-o-Y Change in % |
| HRC/Plate | 0.19 | 0.17 | 11.76 | 0.21 | -9.52 |
| CRC | 0.08 | 0.07 | 14.28 | 0.08 | 0 |
| Galvanised Steel | 0.1 | 0.07 | 42.8 | 0.07 | 42.8 |
| Electrical Steel | 0.01 | 0.01 | 0 | 0.03 | -66.66 |
| Others | 0.00 | 0.00 | 0 | 0 | 0 |
| Grand Total | 0.38 | 0.32 | 15% | 0.39 | -5% |
Quantity in MnT
Source-SteelMint Research
Country-Wise Flat Steel imports of Japan in Jan-Nov'17- In the tenure of Jan-Nov'17 South Korea exported 2.77 MnT which contributed 67.78 % of share in eleven months of 2017.Besides this other importers of flat steel from Japan were Taiwan which stood at 0.86 MnT (accounted for 21.13% of share) and China at 0.43 MnT (contributes 10.50% of share) in Jan-Nov'17.
In the month of Nov'17,Japan has imported 0.27 MnT of flat steel from South Korea which rose sharply by 17% M-o-M from 0.23 MnT in previous month.Other major countries include Taiwan which stood at 0.08 MnT and China at 0.03 MnT in the month of Nov'17.
