Japan’s carbon steel exports achieved its first on-year gain in May in the 13 months, or up 9.5% on year to about 1.79 million tonnes, according to the data released by the Japan Iron & Steel Federation (JISF) on June 30, though the volume was not high, as the Japanese steel producers had been prioritizing domestic demand, a JISF official said.
In May, the breakdown by product showed that hot-rolled coil
(HRC) remained the top export item, though it was the only one posting an
on-year ease, which was probably due to the fact that many domestic steel mills
had been tight with HRCs with the maintenance work, according to the official,
and “it must