The Ministry of Finance of Japan released on July 25th 2012 statistics on steel export and import (preliminary) in June 2012. According to this, export quantity in June 2012 was 3,581,000 tonnes, up by 2.9% YoY and down by 10.7% MoM. Its export amount in yen was JPY 304.661 billion, down by 5.8% YoY. While, import quantity in June 2012 was 619,700 tonnes, down by 12% YoY and also down by 9.8% MoM.

By destination of export in June 2012, export to Asia was 2,885,000 tonnes, up by 2.5% YoY. Out of these, that to China was 493,000 tonnes, down by 14.8% YoY, to the Asian NIEs 1,152,000 tonnes, down by 1% YoY and to the ASEAN 1,128,000 tonnes, up by 19.8% YoY.

By destination to the remote countries areas, export to Middle East was 120,000 tonnes, slightly up by 0.9% YoY, to Russia 23,000 tonnes, up by 66.1% YoY, to the USA 221,000 tonnes, up by 24.8% YoY and to the EU 15,000 tonnes, down by 48.2% YoY.

While, by country area of import in June 2012, import from Asia was 483,000 tonnes, down by 14.2% YoY. Out of these, that from China was 81,500 tonnes, down by 52% YoY, which was the first time to fall below 100,000 tonnes since February 2011 (77,000 tonnes). That from the Asian NIEs was 365,000 tonnes, up by 0.2% YoY and that from the ASEAN was 22,000 tonnes, up by 2.2 times ditto. That from Russia was 11,000 tonnes, down by 46.3% YoY.

Source - TEX Report Limited

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