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Japan SUS Product 2011 Imports Up Y-O-Y at 189,263 Tons
= Up by 14% from 2010, all major originating countries increased shipments, especially Korea =
The Japan Iron and Steel Federation compiled the import statistics released by the Ministry of Finance into the table attached hereto with regard to the imports of stainless steel products during 2011.

Total imports in 2011 were 189,263 tons, up by 13.6% from 167,499 tons in 2010. Fairly high level of monthly imports of more or less 15,000 tons except in April, June, and August helped the total annual imports to increase.

Total value of the imports was US$787.972 million with an averaged unit price of US$4,163/ton, up by 14.3% from 2010. Monthly averages of the unit prices for 10 months of 2011 between February and November were all more than US$4,000/ton.

All major originating countries, especially Korea, increased exports to Japan compared to 2010. Besides, imports from those countries traditionally of smaller exports to Japan also increased volumes by 8%.

The imports in December were 16,909 tons, up by 13.6% from November, a small rebound from the past several months of decline. Total value of the imports in December was US$64.318 million with an averaged unit price of US$3,803.77/ton, down again from the preceding month by 8.5%, mainly because of the prices of most of the imported products, except the ones from China, dropped from November.

By comparison, total imported quantity of special steel products, including stainless steel products, in December was 49,079 tons, up by 58.9% from November, mainly because the imports of other special steel products notably increased to 32,170 tons, up by 100% from November.
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last modified : Wed 08 Feb, 2012 [10:23]
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