The global steel industry has bottomed out

According to the Japan iron and steel union (JISF) data, Japan steel imports in November of 350000 tons this year, fell 22.1%.
Among them, the south Korean imports of 221000 tons, fell 29.2% year on year; Since Taiwan imports 82000 tons, fell 19.5% year on year; Since China imported 42000 tons, up 49.3% from a year earlier.
In November, steel imports are falling for the first time since the past 13 months.
Japan’s steel exports of 3.29 million tons, in November fell 2.9% year on year, this is also the past three months to exports fell for the first time.
Among them, the carbon-steel exports of 2.13 million tons, fell 0.9% year on year; Hot coil exports of 921000 tons, up 11.7% from a year earlier.