Latest Japan Iron & Steel Federation data showed that Japan’s steel exports fell 2.5% year on year to 3.37 million tonnes in March, marking the fourteenth consecutive month of YoY decline due to firm domestic demand, which left mills with fewer cargoes for export. However, the total was up 12% from February.
Of the March total, HRC exports were down 9.9% on year but up 6.3% from February at 945,773 tonnes, CRC exports down 14% on year and up 24.8% from February at 218,958 tonnes, and galvanized sheet exports down 15.8% on year but up 2.2% from February at 229,509 tonnes. In contrast, Japan’s plate exports in March surged 83.2% on year and by 59.7% from February to 296,735 tonnes.
Source : Platts