Japanese steel exports drops in May y-o-y
According to the statistics from the Japan Iron and Steel Federation (JISF) on June 28th, Japanese steel exported around 3 million tons in May, down by 5.6% compared to the same month last year, but up by 11.1% compared with the previous month. It had gone down for seven consecutive months.
Among them, plain carbon steel exports were around 2.1 million tons, increasing by 3.7% year on year and growing by 16.7% month on month. Special steel exports were around 545,000 tons, which decreased by 14.8% year on year and also dropping by 7.9% month on month.
The total volume of steel exportation to South Korea was around 562,000 tons, up by 19.1% year on year and increasing by 21.2% month on month. The total exports to Thailand were around 500,000 tons, down by 1.3% year on year but rising by 17.5% month on month.