Japan’s steel exports up 1.7% in January-November 2023

In November this year, Japan’s iron and steel product exports amounted to 2.6 million metric tons, decreasing by 4.0% month on month and by 7.0% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-November period this year, Japanese iron and steel product exports amounted to 30.1 million mt, up by 1.7% compared to the same period of the previous year. Regarding Japan’s major iron and steel product export markets, in the first 11 months this year the country’s iron and steel exports to South Korea totaled 5.2 million metric tons, up 4.5%. while exports to China decreased by 29.8% to 2.6 million metric tons, the export volume to Taiwan amounted to 1.5 million metric tons, down by 14.4%, exports to Thailand totaled 4.3 million metric tons, decreasing by 7.0%, while exports to the US totaled 1.1 metric tons, down by 3.9%, all year on year.