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Japan’s steel exports drop in June

According to data released by Japan Iron & Steel Federation, Japan’s exports of common steel products dropped to 3.58 million tonnes in June down by 2.1% compared to the same month of last year.

The total export revenue generated by steel products amounted to JPY 332.9 billion down by 0.4% on the prior comparable period.

Steel exports to Asia dropped by 4.8% to 2.75 million tonnes YoY while shipments to China totaled 512,000 tonnes up by 5% on year. Japan’s steel exports to the US increased by 18.5% to 205,000 tonnes.

Source – yieh.com

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