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Sat05192012

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Japanese raw materials imports increase

January saw an increase in raw materials import to Japan, according to preliminary data from the country’s Ministry of Finance. In January, Japan imported 11.3 Mt of iron ore, up 10% on December to a 4-month high. Meanwhile, some 16.8 Mt of coal were shipped into Japan in the same month, with a monthly gain of 2.4 Mt or 17% and up 1.2 Mt or 8% from the year-ago level. A further decrease in the amount of electricity generated by nuclear power contributed to the strength in coal imports, which surge to the highest level since August 2008.