December 04, 2008

Japanese steel exports in October up by 10.5% YoY

According to a report from the Japan Iron and Steel Federation, export of Japanese iron and steel increased by 10.5% YoY to 3.13 million tonnes in October 2007.

The report added in October, exports to South Korea increased by 26.2% YoY and those to Thailand surged by 25.7% YoY. Exports to Taiwan grew by 16.7% YoY. Meanwhile, exports to China were down by 5.8% YoY and those to the United States slipped by 4.7% YoY.

The report also showed that at the same time, total imports of steel to Japan declined by 6.7% YoY. Imports from South Korea were up by 17%YoY and those from China plunged by 44.3% YoY. Imports from Taiwan dropped by 4.8% YoY.