Japan will increase quarterly production of steel by 2.2%
Japanese steel companies plan to increase production of finished steel to 21,73 million tonnes in October-December, which is 4% lower than the same period last year, but 2.2% more compared to July-September. This is evidenced by the results of a recent study conducted by the Ministry of economy and trade of Japan.
raw steel Production is expected to reach 24,73 million tons, which is 3.8% lower compared to the same period last year, but is 0.7% more compared to the previous quarter.
Sales in the domestic market is planned at the level of 14.60 million tonnes, which is 6.5% lower compared to the same period last year, but 2.4% more than in July-September. The export will be sent of 7.13 million tons, 1.7% and 3.6% higher yoy and QoQ, respectively.
"Domestic demand is slowly improving, but manufacturers are very concerned about the movement of exports," - said Monday the industry sources.
According to Japanese steel producers ' Association, orders for ordinary carbon steel booked Japanese engineering sector in July and August amounted to 241,573 million tons, which is 8.8% lower than a year ago, while special steel - 227,887 million tons, which is 28.3% less than last year.
In the current quarter, it is expected that the steel demand in the construction sector will be stable, but the demand for construction of buildings will be lower than last year because of all the projects related to the Olympic games in Tokyo 2020.