Japan's steel exports decreased

According to the data provided by JISF (The Japan Iron and Steel Federation), Japan's iron and steel product exports amounted to 2.85 million mt in June 2023, down 8 percent from June 2022 and down 6 percent compared to May 2023.

In the January-June 2023 period, exports of iron and steel products decreased by 2 percent year on year and amounted to 16 million mt.

Looking at the first six months of 2023, Japan's exports to South Korea increased by 6 percent year on year to 3 million mt; Its exports to China are 1.40 million mt, down 34 percent year on year; Exports to Taiwan fell 19 percent to 821,303 metric tons; Exports to Thailand totaled 2.42 million mt, down 7 percent year on year.