Japan general steel exports in the first half of the year increased 1.8 percent
On July 31, the data released by the Japan Iron and Steel Federation (JISF) showed that Japan general steel exports in the second quarter of 2020 were about 4.959 million tons, down 14.2 percent year-on-year; the first half of the year was about 11.007 million tons, up year-on-year 1.8 percent. According to reports, the year-on-year increase in export volume does not mean that Japan general steel exports in the first half of the year were better, but simply because the base figure in the same period last year was too low.
It is reported that from the end of 2018 to the first quarter of 2019, some Japanese long-process steel mills encountered a series of production line equipment failures, which led to a decline in overall output. Japanese steel mills must give priority to domestic customers, so the export volume in the first half of last year was relatively less.
At the same time, Japan imports of general steel in the first half of the year were about 2.079 million tons, down 16.4 percent year-on-year; imports of special steel were about 332,000 tons, down 14.2 percent year-on-year.