Japan stainless steel exports rise 37.6% M-o-M in Feb; imports down by 13.3%: JISF

TOKYO (Scrap Monster): Japanese stainless steel exports increased sharply by 37.6% month-on-month to 106,080 tons in February while its imports declined by 13.3% month-on-month to 13,243 tons as per latest data released by the Japan Iron and Steel Federation (JISF).

According to the JISF data, the country’s average export prices of stainless steel were at $4,074/ton, decreased by 14.8% from January. The export values generated by stainless steel amounted to $432.196 million.

In February, China was the largest importer of the Japanese stainless steel with 24,426 tons, rising by 67.4%; South Korea was the second largest one with 20,932 tons, soaring by 46.9%; Taiwan was the third largest one with 9,717 tons, increasing by 82.2%; the US was the fourth largest one with 8,618 tons, up by 40.8% and Thailand was the fifth largest one with 8,920 tons, jumping by 9.8%, all compared to that in a month earlier.

JISF also added that, the import figures of stainless steel reached $50.761 million and the average import prices were at US$3,833/ton, down slightly by 1% from a month earlier.