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.