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Japan’s stainless steel exports decrease in May

Japan exported around 83,841 tons of stainless steel in May, dropping by 7.4% from a month ago, according to data released by Japan’s Ministry of Finance.
Meanwhile, the export prices averaged at US$3,230/ton, decreasing by 3.8% from April. The country’s export revenues generated by stainless steel totaled US$270.78 million in May.
In the given month, China was the largest importer of the Japanese stainless steel with 12,975 tons, decreasing by 23%; South Korea was the second largest one with 15,692 tons, dropping by 16.2% and Taiwan was the third largest one with 9,706 tons, decreasing by 22.2%, all compared to the previous month.

Source: yieh

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