Steady Japan Wire Rod Import Price

Japanese steel wire rod import price was steady in 2011 while the price slightly increased from spring through summer mainly for Chinese carbon steel wire rod. The averaged Chinese rod import price was 62,300 yen per tonne in December 2011, according to Ministry of Finance. The price increased to more than 60,000 yen in April and the price changed in small range through December.

Japanese averaged rod import price was 20,000-30,000 yen per tonne higher for South Korean rod than Chinese rod price through 2011. The price increased from July through October while the price decreased to 90,500 yen in December. Japanese industry source sees the price increased due to higher weight of high valued rod in the total import.

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