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Japan’s Jan steel exports down 13% on mill’s tight supply

Japan’s exports of steel in all grades and forms declined by 13.3% on year to about 2.43 million tonnes for January, or the ninth month in a row with on-year drops, according to the preliminary data released by Japan’s Ministry of Finance on February 17, which was mainly due to the domestic steel mills’ preference for domestic sales over exports when supply was tight, Mysteel Global understood.
Japan’s January steel exports was also down 3.4% on month, and the Asian customers remained the top buyers, accounting for 1.96 million tonnes, which was down 6% on year but slightly up 0.9% on month. Among the exports to Asia, the volume to the ASEAN 6 countries rose both on year and on month,


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