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) registered decline of 12% in Q1 CY18 as compared to similar quarter of previous year.
Nation’s flat steel imports stood at 1 MnT in Q1 CY18 against 1.13 MnT in Q1 CY17.
On monthly basis nation’s flat steel imports went down by 11% in Mar’18 to 0.31 MnT against 0.35 MnT in Feb’18. However on yearly basis the same plunged by 18% in Mar’18 against 0.38 MnT in Mar’17.
Grade-Wise Japan Flat Steel Imports in Mar’18
| Sub Commodity | Mar’18 | Feb’18 | M-o-M (Change in %) |
Mar’17 | Y-o-Y ( Change in %) |
| HRC/Plate | 0.16 | 0.18 | -11.11 | 0.22 | -27.27 |
| Galvanized Steel | 0.07 | 0.08 | -12.50 | 0.09 | -22.22 |
| CRC | 0.06 | 0.07 | -14.29 | 0.06 | 0.00 |
| Electrical Steel | 0.02 | 0.02 | 0.00 | 0.02 | 0.00 |
| Others | 0.00 | 0.00 | 0.00 | 0 | 0.00 |
| Grand Total | 0.31 | 0.35 | -11% | 0.39 | -21% |
Quantity in MnT
Source-SteelMint Research
Country-Wise Japan Flat Steel imports in Q1 CY18 – In Q1CY18, South Korea exported 0.71 MnT of flat steel. However on monthly basis the same declined by 19% to 0.21 MnT in Mar ‘18 against 0.26 MnT in Feb’18.
Second largest exporter was Taiwan exported around 0.22 MnT of flat steel in Q1CY18.In the month of Mar’18 Taiwan exported 0.07 MnT flat steel for Japan unchanged against previous month.
Lastly, China exported 0.07 MnT to Japan in Q1 CY18. In the month of Mar’18 its stood at 0.03 MnT higher by 50% against 0.02 MnT in previous month.
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