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Japan’s carbon steel exports fall 13% YoY in January

Japan’s carbon steel exports declined again in January, falling by 13% on year and by 0.9% on month to 1.65 million tonnes, according to the latest data released by the Japan Iron & Steel Federation on February 26. Though this marked the ninth consecutive monthly tumble, a JISF official was optimistic that this month’s result would show some improvement as steelmakers had more capacity available.
“One blast furnace was reignited in January which raised steelmaking availability, and we expect that exports from February will increase,” the JISF official predicted. But he added that if domestic demand is stronger, mills will continue putting priority on supplying their local customers. By product, exports of hot-rolled coils, the Japanese steel producers’ largest export item,

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