Japan: Ferroalloys imports down by 23% y-o-y in CY 20

Japanese ferroalloys imports decreased by 23% in CY 20 due to reduced production of crude steel. Japanese Crude steel production dipped by 16% y-o-y in CY20. South Africa, Kazakhstan Australia and Russia were the top four contributors to Japanese ferroalloys imports. Meanwhile, in Dec ’20, manganese ore imports suffered the most as compared to the previous month due to overstocking of ores and limited buying interest. On the contrary, ferrochrome imports doubled before new year holidays from Japan.