According to analysts of Japan Iron & Steel Federation, representing more than 120 companies profiled steel market in August, Japan increased its exports of stainless metal. Metallurgists of the country during the reporting period realized foreign consumers for nearly 97 thousand. Tonnes of stainless steel, which exceeded the corresponding figures of the previous year by 8.3%. However, in the volumes of export of these products by Japanese manufacturers (in the current year) observed the dynamics of decline: the August figures behind the July almost 10%. In parallel with the data published by the Japan Iron & Steel Federation, announced the development of events in his country and the Turkish stainless steel market analysts. It is estimated TURKSTAT (Turkish Statistical Institute), in August in Turkey were imported much more stainless steel than in July. For some items (in particular it is a rolled sheet), imports grew by 20%. At the same time domestic producers of stainless steel also have increased during this period the volume of output (average monthly figures exceed last year's results by 15−20%), but the appetite of consumers to satisfy them completely failed their country. The dynamics of the stainless steel market in Turkey once again confirms the vision of management «Kibar Holding» Company and «POSCO», which is scheduled for launch in 2013 in the country a new plant for the production of stainless steel. According to preliminary calculations, the company will reduce the share of imports in Turkey stainless steel by 40%.
20 October 2011
Japan increases the volume of foreign sales of stainless steel, Turkey - increasing its imports it.
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