Tag: Japan’s steel exports decline for first time in two years amidst global slump

Japan Metal Daily: Japan’s steel exports declined by 3% y-o-y to 31.39 million tonnes (mnt) in CY’24, marking the first decrease in two years, according to the Ministry of Finance’s trade statistics. The decline in exports is attributed to sluggish global demand for steel, particularly for building materials, and China’s aggressive export. The steel market…