Japanese HRC exports surged 12% in Sep '14: MoF

TOKYO (Scrap Monster): According to statistics released by the Japanese Ministry of Finance (MoF), the country’s exports of Hot Rolled Coils (HRC) increased sharply during the month of September this year.

MoF data indicates that HRC exports by the country totaled 990,601 tons during the month. This is 11.9% higher when compared with the exports during the same month a year ago. The exports during September 2013 had totaled 885,255 tons. When compared with the previous month, the country’s September ’14 exports dropped slightly by 2.9%. Japan had exported 1.02 million tons of HRC during August this year.

The HRC export prices during September this year averaged at $568.70 per ton. The average prices fell by 0.4% over the previous month. On year-on-year basis, the average export prices dropped by 1.7% when compared with the prices during September last year.

The largest export destination of Japanese HRC was South Korea. The exports to South Korea totaled 212,603 tons with an average price of $550.50 per ton FOB. The second largest importer of Japanese HRC was China. The exports to China totaled 77,059 tons. The average export price to China stood at $602.60 per ton FOB.