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TOKYO (Scrap Monster): Japan's iron ore imports advanced slightly by 0.2% year-on-year to 12.3 million metric tons (mt) in August this year and rose by 21.7% month-on-month, as per the latest statistics released by Japan's Ministry of Finance.

According to statistics, in the first eight months of 2012, Japan's iron ore imports amounted to 88.4 million mt, increased by4% year-on-year.

In August this year, Japan's iron ore imports from Australia rose by 2.4% year-on-year to 8.4 million mt, while Brazil exported 2.7 million mt of iron ore to Japan in August, fell by 15.7% year-on-year.