Japan Iron and Steel Federation announced that Japan’s total iron and steel product exports amounted to 34.4 million tonnes in 2021, up by 7% YoY. Steel
Exports for the ongoing fiscal (FY22) are expected to surpass that of FY21. In case of steel, exports have been on a rise since 2015-16 except for the slight dip in 2019-20 whereas imports have been on a downward spiral since 2020.
According to latest data from Japan Iron and Steel Federation, Japanese steel manufacturers boosted exports of ordinary steel in Q1-Q2 of the new FY April