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Print[Ferro-Alloys.com] Weakening exports pulled Japanese steel orders back into negative territory for a second straight month in September despite healthy domestic demand.
Total orders dropped 0.8% from August levels to 6.05 million tonnes, according to data from the Japan Iron & Steel Federation (JISF). Year-on-year volumes were up by 8%. Behind the drop was a big fall in orders for exports, which declined by 4.2% to 2.13 million tonnes compared with the previous month. Comapred with last year, though, volumes increased by 9.3%.
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