In February this year, the value of Taiwan's iron and steel exports decreased by 18.5 percent year on year to $1.08 billion, according to the preliminary statistics issued by Taiwan's Ministry of Finance. In the given month, the country's iron and steel import value totaled $419 million, down 36.9 percent year on year.
In the first two months of the current year, the value of Taiwan's iron and steel exports fell by 11.7 percent to $2.62 billion, while the value of the country's imports of iron and steel totaled $1.35 billion, decreasing by 11.5 percent, both on year-on-year basis.