Iron and Steel Imports of 2014 Increases to 8.91 Million Tons

According to foreign trade statistics (prompt report) Ministry of Finance announced on 26th, iron and steel imports of 2014 increased by 21.4% from the previous year to 8.914921 million tons, it was the increase for the first time in 3 years. It reached 8 million tons for the first time in 7 years since 2007, it recorded high after 2000. Imports from China increased by over 70%, and them from Korea rose. Imports increased despite weakening the yen, because iron and steel market price in Japan kept stable tone.

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