To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
REUTERS/Kim Kyung-Hoon/File Photo Image photo: A production line of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu steel plant.
Jiji Press
16:34 JST, February 23, 2023
Tokyo (Jiji Press)—Japanese crude steel production in January fell 6.9 % from a year before to 7.22 million tons, down for the 13th straight month, the Japan Iron and Steel Federation has said.
Steel demand remains weak, as automobile production is recovering more slowly than expected and foreign demand is still sluggish, industry sources said.
Production of converter steel, made from iron ore, dropped 6.9 % for the 13th consecutive decline, reflecting the flagging auto production, according to data released by the federation Wednesday.
Electric furnace steel, produced from scrap iron, also logged a 6.9 % fall.
Specialty steel, mainly for manufacturers including automakers, saw its production decrease 12.9 %. Ordinary steel, chiefly for construction, posted a 5.0 % drop.
