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Japanese steel exports up 18.1% year on year in April

Keywords: Tags  Japanese steel, steel exports, steel demand

TOKYO — Japanese steel exports rose in April from year-earlier levels, although weak demand meant a sharp fall in volumes from March.

Total exports rose by 18.1 percent year on year to 3.61 million tonnes. While prices were lower compared with 2012, the total value of Japan’s steel exports still rose by 15.8 percent, reflecting the weaker yen.

However, exports were down by 10.6 percent from March levels. Industry officials noted that March’s figures were distorted by seasonal factors and that regional demand remains soft amid weak prices and overcapacity.

With the exception of China, which saw shipments rise by 7.2 percent to 564,000 tonnes, exports to major markets fell sharply from March.

Nevertheless, all exports saw an increase year over year, with shipments to China up by 17.6 percent over April 2012.

A version of this article was first published by AMM sister publication Steel First.

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