September 1, 2008

Japan July Steel Exports Hit Record

Tokyo, Sept. 1 (Jiji Press)--Japan's steel exports in July rose 7.9 pct from a year before to 3.31 million tons, their highest level for the month and the eighth consecutive month of increase, the Japan Iron and Steel Federation said Monday.

The previous July record was 3.29 million tons set in 1977.

Of the total, exports of ordinary steel increased 9.3 pct to 2.26 million tons, while specialty steel exports grew 5.6 pct to 550,000 tons.

Exports to South Korea, Japan's largest steel export market, declined 6.1 pct to 740,000 tons, the third straight month of decrease.

But exports to mainland China grew 14.7 pct to 581,000 tons, while those to Thailand rose 9.5 pct to 413,000 tons. Exports to Taiwan jumped 33.7 pct to 390,000 tons.END

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