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According to data released by the Japan SA645 Grade B steel Iron and Steel Federation (JISF) on March 31, Japan's total steel exports in February 2025 were 2.51 million tons, a slight decrease of 0.2% year-on-year, marking the second consecutive month of decline, mainly due to weak global demand.
In terms of variety, the export of hot-rolled wide coils reached 929800 tons, an increase of 7.6% year-on-year, marking the first growth in two months; The export of medium and thick plates reached 223300 tons, a year-on-year increase of 5.1%, achieving the third consecutive month of growth and becoming an important variety supporting overall exports.
From the perspective of export destinations, South Korea SA645 Grade B steel remains the largest export market for Japanese steel, with an export volume of 337100 tons in February, a year-on-year decrease of 25.8%, marking the second consecutive month of decline. The export to Chinese Mainland was 212700 tons, a year-on-year decrease of 1.6%, which has dropped for eight consecutive months.
Some regional markets have shown relatively strong performance. In February, the export volume to Taiwan, China was 172900 tons, up 33.9% year on year; The export to Thailand was 327200 tons, a year-on-year increase of 0.9%. The growth of these two markets has to some extent offset the decline in other major export destinations.
Against the backdrop of the upcoming 25% steel and aluminum import tariffs in the United States on April 12th, Japan's steel exports to the United States in February were 90000 tons, a year-on-year decrease of 12.1%, marking the third consecutive month of decline.
Accumulated, the total export volume of Japanese SA645 Grade B steel in January and February 2025 was 5 million tons, a year-on-year decrease of 2.3%. Among them, the cumulative export of hot-rolled wide coils was 1.88 million tons, which was basically the same as the same period last year. The export pace continues to be weak, which is basically consistent with the previous estimate of the Japanese Ministry of Economy, Trade and Industry. The agency predicted at the end of last year that steel exports in the first quarter of 2025 would be 6.5 million tons, a slight decrease of 0.4% compared to the same period in 2024.
