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Japan takes stock for the first 9 months of the steel market

22 October 2013

As the statistical data provided by the «Japan Iron and Steel Federation», Japan for the first nine months of this year, compared to the same period last year, increased production volumes of steel by 1.9% Country of origin for a specified time smelted 55.79 mln. tons of metal. It is noteworthy that only in the third quarter of 2013 in the Japanese factories produced 27.72 million. Tons of products in this category, which is 1.7% more than in the same period of 2012.

Earlier it was reported that Japan, in August of this year, compared to the same period last year, increased its iron and steel imports by 0.5%. This figure stood at 638.53 ths. Tons. Overhead costs for metal deliveries in this month reached the level of 73.4 billion. Yen. Import only stainless steel increased by 14.8% in August compared to the same period last year (up to 19.29 ths. Tons). As for the export of iron and steel in August 2013 compared with August 2012, this index has increased by 1.3% and amounted to 3.7 mln. Tons. Compared with the previous month, the export supplies of Japanese metal increased by 2.4%. Revenue from foreign transactions on sale of iron and steel in this period amounted to 324.6 billion. Yen (equivalent to 3.3 billion. Dollars). As for stainless steel exports, in August 2013 compared to the same period last year, the figure fell by 5.3% and amounted to only 91.45 ths. Tons.

Recall that, according to Japan's Ministry of Finance, supplies stainless steel domestic producers at the end of August this year, compared with the previous month, increased by almost 5.4% and reached the level of 127.83 thousand. Tons. As for the stainless steel production in August of 2013, this figure compared to the same period of 2012, decreased by 2.9% and amounted to 232.16 thousand. Tons. Compared to the previous month — according to representatives of agencies — there was a drop of this index by 3% in the country.

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