According to the forecast of the Ministry of Economy, Trade and Industry (METI), Japan's crude steel production is expected to reach 22.13 million tons in the fourth quarter of this year.
Despite the recovery in the fourth quarter, a three-quarter decline in crude steel production would bring the annual output to about 88 million tons.
In addition, METI said that automotive and semiconductor purchases have improved, but some automotive companies are planning to cut production. In addition, the recovery in demand may be slow due to the weakness in the construction sector.
Comments
No comment yet.