UTC+8 ( BJT)

Japan 2021 steel exports up 7% Y-o-Y but still below high


In 2021, Japan's total steel exports rose 6.9% on year to about 34.01 million tonnes, according to the preliminary data released by Japan's Ministry of Finance on January 20. The very first on-year rise over the past eight years was due to the low base in 2020 amid the negative impact of the COVID-19 outbreak and the supply tightness from Japanese steel producers.
The average unit price for Japan's total steel exports last year was at Yen 112,098/tonne ($983/t) FOB, up by Yen 31,224/t on year, Mysteel Global calculated based on the official data. Sources attributed the export price increase to the hikes by suppliers and the weakened Japanese Yen against the U.S.


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227