Japan's domestic consumption of steel products was 3.58 million metric tons in February this year, down 0.5 percent from the previous month and up three percent year on year, according to data released by the Japan Iron and Steel Association (JISF). However, in the first two months of 2026, domestic steel consumption in the country increased by 1.8 percent year on year to 7.19 million tons.
In the first two months of this year, consumption of steel products in the Japanese construction sector decreased by 3.9 percent to 1.26 million tons, while consumption of steel products in the Japanese automobile sector amounted to 1.90 million tons, an increase of three percent, in both cases. on an annualized basis. During this period, the Japanese shipbuilding industry consumed 477,738 tons of steel products, which is 1.8 percent less than in the same period of the previous year
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