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In July this year, Japanese steel exports declined as compared to the previous month, after rising for two consecutive months. In March, Japan's steel exports had reached all-time record levels.
 
According to the provisional data released by the Japanese Ministry of Finance, in July this year, Japan's steel exports came to 3.3 million metric tons, rising by 3.7 percent year on year and down 14.51 percent as compared to June this year, while these exports generated a value of JPY 308.47 billion ($3.65 billion), up 24.8 percent compared to July 2009.
 
Meanwhile, in July, Japanese steel imports increased 79.1 percent as compared to July 2009, amounting to 618,554 metric tons - down 11.94 percent month on month, and totaled a value of JPY 69.97 billion ($828.13 million), up 98.2 percent year on year.
 
In the given month, Japan's iron and steel product exports to the US increased by 76 percent to 141,000 metric tons, its exports to the EU rose by 61 percent to 98,000 metric tons, while iron and steel exports to China decreased by five percent to 596,000 metric tons, exports to the Middle East went up by 11 percent to 80,000 metric tons, and iron and steel exports to the ASEAN countries rose by 7.9 percent to 869,000 metric tons, all compared to July 2009.