Tag: Japan: Steel exports fall Below 2.5 mnt for the first time in a year

Japan’s steel exports witnessed a significant decline in February 2024 to 2.492 million tonnes (mnt), falling below 2.5 mnt for the first time since January 2023. This marks a 4.2% decrease compared to the same month last year. Several factors contributed to this slump. Firstly, maintenance shutdowns at Japanese steel mills limited production capacity. Secondly,…