Japan Steel production likely to advance slightly during Q4


TOKYO (Scrap Register): Japanese crude steel production likely to advance slightly by 0.4 percent year-on-year to 26.51 million tons during the last quarter of this year, said the country’s trade and industry ministry, citing an industry survey.

According to the latest figures released by the worldsteel, Japan had producted 8.7 million tons of crude steel during the month of August this year, slightly up as compared to 8.5 million tons production during July 2017.

However, Japan steel products demand, which including those for export, is likely to decline by 1.6 percent year-on-year to 23.87 million tons during the quarter ended in December, said the ministry.

Japanese Steel products exports are likely to drop by 5.4 percent year-on-year during October to December.

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