Stock situation at Japanese ports have dropped to the lowest

Stock situation at Japanese ports have dropped to the lowest

Demand in Japan for steel products is still not strong, as advised by the market sources to SteelOrbis. However, major producers that export into the Japanese market such as Pohang Iron and Steel (POSCO) and China Steel Corporation (CSC) have been trying to push prices upwards by reducing supply. As a result, the stocks of steel products at Japanese ports have dropped to the lowest level of the last twelve years.