Steel Trade Update
After falling to a 21-month low of 2.6 Mt in September, US steel imports rose only marginally to 2.7 Mt in October, which was still down by 1.3 Mt year-on-year, according to US Census Bureau data. Imports for January-October fell by 3.0 Mt on the same ten months in 2014 to 30.6 Mt. Meanwhile, Japan's steel exports rose to a three-month high of 3.4 Mt in October, but this was still 0.2 Mt below the year-on-year level, according to data from the Japan Iron and Steel Federation. The annual decline was largely due to a drop in shipments to destinations in Asia, with exports to South Korea, China and Taiwan all falling year-on-year. Total exports for the ten months to October were down 0.2 Mt year-on-year at 34.8 Mt.