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

ABSTRACT

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.

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