Japan steel exports decreased by 2% in October
According to the recent figures released by the Japan Iron and Steel Federation, total steel export from the country is recorded as 2.93 million mts in October, whereas export figure for the first ten months is recorded as 28.73 million mts. These results are 2% and 5.9% less over same period last year respectively. The decrease seen in steel exports is attributed to weak sales to South Korea, Thailand and Taiwan. Steel exports to South Korea were down by 2.8% to 808'000 tons in October while exports to Thailand, Japan's biggest export market after South Korea and China, dropped by 7% to 287'000 tons. Japan's steel exports to China and US increased by 44% and 29% to 566'000 mts and 118'000 mts respectively.