Japan Exports 0.3 MnT Billet in Aug’17 – Customs Data

Japan is the world’s 2nd largest steel producing country as well as 2nd largest steel exporter.

As per recent data released by Japan customs it is observed that the nation has exported about 300,000 MT Billet in Aug 2017.

The exports have registered an equivalent figure in Aug’17 & Aug’16 (Y-o-Y) against 300,000 MT in Jul’17. Taiwan maintains top destination of Japan’s billet exports in Aug 2017 as the nation has imported approximately 43% billet (130,000 MT).

Coming to total exports in CY17 (Jan-Aug), the nation has exported about 2.56 MnT Billet; down by 14.66% as compared to 3 MnT in the same preceding last year.

Prior to this, in CY16 (Jan-Dec) the country’s billet export was around 4.26 MnT & in CY15 at 4.56 MnT.

Country wise:-

During Aug 2017, the largest importer of Japan made Billet/Blooms was Taiwan, South Korea & United States which imported 130,000 MT, 90,000 MT & 40,000 MT respectively.

Similarly in the total Billet exports during CY 2017 (Jan-Aug), the major buyers of Japan made Billet was – Taiwan (40.63%), South Korea (31.13%), United States (10.79%), Thailand (7.13%) & Philippines (3.97%).

Key Updates

1. During Jan-Aug’17, Japan imported around 59.36% of iron ore from Australia, which was around 49.52 MnT current offer of Fe 62% Fines are at USD 53/MT FoB Australia.

2. Japanese H2 grade ferrous scrap export prices at Yen 32,500/MT (USD 290/MT) FOB Tokyo Bay

3. The export offers of 150*150 IS 2830 grade billet are currently at USD 490-510/MT FoB India & 125*125, Q235 China at USD 540/MT CNF Middle East.

Top Unload Countries (Jan’17 to Aug’17)  

Quantity in MnT
Sources: SteelMint Stats.