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Japan Sept steel exports dip 18% YoY on weak international market prices

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A Tokyo-based steel investor explained that Japanese mills could not concur on lower bid costs by overseas buyers. "Japanese Yen has actually been weak, so Japanese mills wanted to export extra. Yet they might not take pleasure in any type of take advantage of the currency exchange rate since bid prices were as well reduced," he claimed. Amongst Japan's.

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For September, Japan's steel exports declined by 18% on year and 3.2% on month to 2.4 million tonnes, according to the preliminary data released by the country's Ministry of Finance on October 20. Trading sources attributed the drop mainly to lower o...

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