Japan’s steel production fell again in February

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Japan’s crude and hot-rolled Steel production fell further in February, according to the Japan Iron and Steel Federation.In recent months, weak exports and weak domestic demand, combined with technical problems at some mills, have curbed output.

 In February, Japan’s crude steel output was 7.743 million tons, down 4.9% month-on-month and 6.6% year-on-year.This resulted in a 2 per cent year-on-year fall in crude steel production to 93.804 million tonnes in the first 11 months of the current fiscal year (April 2018-february 2019).Meanwhile, hot-rolled steel output in February was 6.934 million tons, down 8.5 percent month-on-month and 6.2 percent year-on-year, while the cumulative hot-rolled steel output from April 2018 to February 2019 was 1.1 percent lower than the same period last year to 83.468 million tons.

 Japanese steel mills have reported falling orders in recent months.Orders in January were 5.013 million tons, down 10.8 percent month-on-month and 8.4 percent year-on-year.Weak exports were the main factor in the drop in orders, but domestic construction demand has also fallen in recent month


Post time: Mar-29-2019
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