Japan Wire Rod Import Reduces from South Korea or China

Japanese wire rod import from South Korean or China is decreasing form last year. The import decreased by 20% to 85,000 tonnes for January-May compared with the corresponding period of last year. The import from China especially decreased but the import from China rose rapidly in May. Meanwhile the import price is rising. The average import price surged by 22,000 yen to 88,000 yen per tonne for Chinese products during February-May and to 87,000 yen for South Korean products. Japanese wire rod price is continuing rising from the beginning of this year while was below for import products.