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Japan’s steel exports down 4.9 percent in January-May

Monday, 01 July 2024 12:27:35 (GMT+3)   |   Istanbul

In May this year, Japan’s iron and steel product exports amounted to 2.77 million metric tons, increasing by 10.0 percent month on month and down by 8.3 percent year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF).

In the January-May period this year, Japanese iron and steel product exports amounted to 13.11 million mt, down by 4.9 percent compared to the same period of the previous year.

Regarding Japan’s major iron and steel product export markets, in the first five months this year the country’s iron and steel exports to South Korea totaled 2.13 million metric tons, down 17.2 percent, while exports to China increased by 0.5 percent to 1.19 million metric tons. The export volume to Taiwan amounted to 743,152 metric tons, up by 5.4 percent, exports to Thailand totaled 1.78 million metric tons, decreasing by 11.7 percent, while exports to the US totaled 506,074 metric tons, down by 0.5 percent, all year on year.

Exports      

       

May (mt) 

Change m-o-m (%)

January-May (mt)

Change y-o-y (%) 

Semi-finished      

353,600 

+34.5      

1,389,447 

+3.4

Bars      

15,007 

-20.7      

107,541

-24.3      

Wire rod      

43,606 

+68.7

171,666 

+4.0      

Heavy plate      

246,809 

+5.7

1,122,807 

-13.7      

HRC      

1,021,103 

+6.7      

4,778,485 

-7.4      

CRC      

109,082 

-0.3      

594,873 

-5.3    

Galvanized sheet      

181,259 

+16.9      

884,385 

-8.3     


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