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Japan expects steel output to rise

Japan expects steel output to rise by 2.2% in the 3rd quarter.

Japan expects steel output to rise

Crude steel production in Japan in July-September 2023 will increase by 2.2% on an annual basis to 22.31 million tons, which will be the first uptrend in the last seven quarters. In July-September 2022, crude steel smelting in Japan amounted to 21.82 million tons.

It is expected that during that period, the demand for Japanese steel products both in the domestic and export markets will increase yoy by 0.9% to 20.37 million tons, while exports of finished steel will grow by 10%.

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