Steel production in Japan falls for 13 consecutive months

According to the Japan Iron and Steel Federation (JISF), Japan's crude steel production was about 7.2 million tons in January this year, up 4.6% from the previous month but down almost 7% from the same month. month of last year. Output has been falling year on year for 13 straight months.

Market participants said demand for steel remains sluggish as the recovery in auto production is slower than expected and external demand remains weak.

In January, pig iron production in Japan amounted to about 5.3 million tons, up 5.2% month-on-month and down 8.2% year-on-year.