Japan’s steel exports fall for 5th straight month
Data from the Japanese Iron and Steel Federation show that the country's steel exports fell 9.1% year on year to 2.71 million metric tons in April.
Decreased demand from South
Korea and
China contributed to the decline in overall exports.
Japan's steel exports to South
Korea decreased 24.4% to 638'000 metric tons, while steel exports to
China fell 17.6% to 490'000 metric tons.
On the other hand,
Japan's exports to
Taiwan saw a robust rise of 49.7% to 356'000 metric tons. Furthermore, exports to the U.S. soared 22.9% to 122'000 metric tons, and exports to
Thailand rose 9.3% to 334'000 metric tons.