Japanese steel exports up by 18.4%
The Japan Iron and Steel Federation announced that Japan's steel exports reached 2.97 million mts in November, revealing a rise of 18.4% compared to the same period of last year. The increase in steel exports reflects the first rise recorded in the last four months as demand in the US and Asia rebounded. Exports to the US soared by 55.4% from a year earlier in November to 130'000 mts. Exports to Taiwan, Thailand, South Korea and China also showed an upward trend.Destination Volume % Change South Korea 690'000 +12.1% China 508'000 +0.4% Thailand 410'000 +49.6% Taiwan 289'000 +19.7% U.S. 130'000 +55.4%