Japan: Ordinary steel inventory remains range-bound m-o-m in May’24

Japan’s ordinary steel inventory remained range-bound m-o-m at 5.364 mnt in May’24, as reported by the Japan Iron and Steel Federation. Inventory for exports increased by 150,000 t to 1.294 mnt. The combined inventory ratio for domestic and exported products increased slightly by 0.5% points to 138.5%, as per Japan Metal Daily.