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17 Jun
01:00

Japanese steel demand weak in April but exports grow

Japanese mills received orders for 6.09 million tonnes of finished steel in April, up from 5.94mt in March but still down -1.1% year-on-year, according to the Japan Iron and Steel Federation (Jisf). The increase came largely from a jump in exports, although shipbuilding also remained strong and automotive demand was better than expected, Kallanish notes. Japanese domestic demand fell to 3.55mt in April, down -0.4% month-on-month and -8.3% y-o-y. Export order…
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