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|Japan SUS Product Exports On Fast Recovery - March 2012|
|= Up by 20% from February; quick recovery in exports to Taiwan and Thailand =|
Japan Iron and Steel Federation compiled the Trade Statistics released from the Ministry of Finance into the table as attached hereto with regard to Japan's exports of stainless steel products during March 2012.|
Total exports in March were 127,550 tons, significantly up by 20.2% from the preceding month meaning a continued recovery from the sharp drop in January to reach a fairly high level comparable to the exports recorded in March 2011.
Comparison of March 2012 exports with February 2012 by destination shows, <> China: down by 12.4%, <> Korea: up by 2.9%, <> Taiwan: up 2.1 times, <> U.S.A.: down by 17.1%, and <> Thailand: up by 44.4%. Not only the volume to Taiwan and Thailand but also the export volume to other countries beside above also increased by 32.5% compared to February.
Total value of the exports in March was US$561.186 million. The averaged unit price on all the exports was US$4,400/ton, up by 8.0% from the preceding month in a continued up trend. Unit price dropped for the exported products to Taiwan and Thailand, while it rose for the exports to China and Korea, two of the major destinations for Japan's exports.
The total exported quantity in March of special steel products, comprising two categories, i.e. "stainless steel products" (127,550 tons, up by 20.2% from February as said above) and "other special steel products" (594,677 tons, up by 12.7% from February) was 722,227 tons, up by 14.0% from February. Not only the exports of stainless steel products but also of the other special steel products keep recovering from the big drop in January.
Total exports of SUS products during the fiscal year of 2011 (April 2011 - March 2012) were 1,212,348 tons, down by 7.6% from 1,312,165 tons in the fiscal year of 2010. China and U.S.A. rose while Taiwan, Thailand and Korea dropped. Total exports of special steel products including the SUS products in the fiscal year of 2011 were 7,438,993 tons, down by 8.6% from the fiscal year of 2010.
|last modified : Thu 10 May, 2012 [11:11]|