Wednesday, October 2, 2013
Steel Exports Rise 1.3% In Aug
TOKYO (NQN)--Steel exports for August rose 1.3% on the year to 3.72 million tons, marking the first increase in two months, the Japan Iron and Steel Federation reported Wednesday.
A sharp increase in exports to the U.S., whose economy is improving, contributed to the rise, a federation official said.
By product, hot strip exports rose 14.1% to 1 million tons, up for the 18th consecutive month. Meanwhile, exports of zinc-coated steel plates fell 9.7% to 370,000 tons, sliding for the fourth month in a row.
By market, Japan's steel exports to Thailand rose 1.5% to 490,000 tons, marking the first increase in two months. Exports to the U.S. totaled 230,000 tons, up 27.4%. Exports to South Korea and China, however, slid for the fourth straight month. South Korea, Japan's largest customer, imported 670,000 tons of steel from Japan, down 3.6%, while China imported 500,000 tons, down 5.2%.