Japan’s Oct steel exports dip 13% on mills’ lower sales
Nov 19, 2020 12:30
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Japan’s all kinds of steel exports for October fell 13% on year to about 2.47 million tonnes, or the sixth consecutive month posting an on-year decline, mainly as the Japanese integrated mills had been prioritizing supplies to domestic customers, Mysteel Global understood from the preliminary data released by Japan’s Ministry of Finance on November 18.
Last month, the country’s steel exports stayed largely flat on
month, and the Asian market remained its top export destination, receiving 1.97
million tonnes of steel shipment from Japan, which went down 12.4% on year and
2% lower on month.
Last month, Japan allocated less steel to China as the demand from
the other Asian