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Japanese stainless imports down by 26.1%

11 Apr 2007 17:51 reported by Alex Tsai

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Japan's imports of stainless steel reduced by 26.1 percent to 20,751 tons in this February, and doubled from the same period in last year of 10,269 tons, according to Japan Ministry of Economy, Trade and Industry.

South Korea is the biggest regional supplier to Japan at 17,637 tons in February, increasing by 2.4 times from last year.

Imports from Taiwan down by 9.6 percent to 1,054 tons in the February, and China provided 618 tons with an increase of 98.7 percent.

The average import prices were US$4118,74/ton, up by 6.5 percent compared to it was in the January.

Besides, the steel demand will increase by 0.7 percent to 26.53 million tons during April to June this year, according to estimates from the Ministry of Economy, Trade and Industry.

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