Japan Iron & Steel Federation has reported that Japanese steel manufacturers have boosted steel exports first time in two years in April 2021-March 2022. Japanese ordinary steel exports increased by 9.2% YoY to 22.13 million tonnes due to a recovery in demand after the COVID-19 outbreak. However, the figure still has not touched the pre-pandemic level of 23.24 million tonnes in FY 2019. JISF said “Japan’s steel exports won’t go higher because the country’s overall steel production capacity has been reduced amid domestic mills’ restructuring process.”The exports were dominated by flat products, with following four categories accounting for more than 80% shareHot-rolled wide strip - 10.669 million tonne, up 3% YoYHeavy plate - 2.792 million tonne, up 16% YoYGalvanized sheet - 2.430 million tonne, up 24% YoY`Cold-rolled wide strip - 2.019 million tonne, up 23% YoYThe main destination of Japanese steel exports wereSouth Korea – 3.6 million tonneThailan – 3.2 million tonneChina – 2.9 million tonneTaiwan – 0.8 million tonneUS – 0.6 million tonne
Japan Iron & Steel Federation has reported that Japanese steel manufacturers have boosted steel exports first time in two years in April 2021-March 2022. Japanese ordinary steel exports increased by 9.2% YoY to 22.13 million tonnes due to a recovery in demand after the COVID-19 outbreak. However, the figure still has not touched the pre-pandemic level of 23.24 million tonnes in FY 2019. JISF said “Japan’s steel exports won’t go higher because the country’s overall steel production capacity has been reduced amid domestic mills’ restructuring process.”The exports were dominated by flat products, with following four categories accounting for more than 80% shareHot-rolled wide strip - 10.669 million tonne, up 3% YoYHeavy plate - 2.792 million tonne, up 16% YoYGalvanized sheet - 2.430 million tonne, up 24% YoY`Cold-rolled wide strip - 2.019 million tonne, up 23% YoYThe main destination of Japanese steel exports wereSouth Korea – 3.6 million tonneThailan – 3.2 million tonneChina – 2.9 million tonneTaiwan – 0.8 million tonneUS – 0.6 million tonne
