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Japan’s FY20 finished steel exports drop to 20-year low

ABSTRACT

Japan’s finished steel exports of all grades and forms for the fiscal year 2020 (April 2020-March 2021) slumped to its 20-year low of about 30.8 million tonnes, or down 12.2% on year, Mysteel Global noted from the latest preliminary data released by Japan’s Ministry of Finance on April 19.
The FY2020 volume was just slightly higher than 29.3 million tonnes for FY2000, or it had been below 40 million tonnes since FY17 after having peaked at 43.4 million tonnes for FY12, according to Trade Statistics of Japan. Among the destinations, Asia remained the top for Japan’s steel exports, buying about 24.4 million tonnes for

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