Tag: Japan: Steel export declines by 8.3% y-o-y in May’24

Steel exports dropped for the fourth month in a row in May, as per data released by Ministry of Finance on 19 June. Exports fell 8.3% y-o-y to 2.749 million tonnes (mnt). Steel exporters are navigating a complex and demanding negotiation environment. Overseas markets are weak, with HRC prices in Asia stuck around $500/t. Domestic…