Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Japan's Steel Exports Fall to Nine-year Low

May 31, 2018

© Amarinj / Adobe Stock
© Amarinj / Adobe Stock

Japan's overall steel exports in April fell 5.5 percent from a year earlier to the lowest in nearly nine years, but exports to the United States rose 11.7 percent as more semi-finished products were shipped, the Japan Iron and Steel Federation said on Thursday.

Overall exports from the world's second-biggest steel producer fell for a 15th consecutive month to 2.836 million tonnes, the lowest since May 2009.

"The drop may reflect strong demand at home from auto and construction industries, but it is difficult to analyze reasons or trends as monthly data greatly fluctuates," a researcher at the Federation said.

Export to the U.S., meanwhile, rose to 145,481 tonnes despite a 25 percent import tariff imposed by Washington in March. Exports to the U.S. market slumped 38 percent that month.


(Reporting by Yuka Obayashi; Editing by Christian Schmollinger)

Logistics News

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Encomara Squid Connection System Qualifies for Commercialization

Encomara Squid Connection System Qualifies for Commercialization

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

Subscribe for Maritime Logistics Professional E‑News

Trump Administration appeals $16 Billion Hudson Tunnel Funding Order
Germany reports that gas storage injections are increasing as the LNG market improves
Manager Didi says he plans to invest more than $200 million in Argentina