- ARAB NEWS
- 01 May 2025
Since 1975
Tokyo: Japanese crude steel production in January fell 6.9 pct from a year before to 7.22 million tons, down for the 13th straight month, the Japan Iron and Steel Federation has said.
Steel demand remains weak, as automobile production is recovering more slowly than expected and foreign demand is still sluggish, industry sources said.
Production of converter steel, made from iron ore, dropped 6.9 pct for the 13th consecutive decline, reflecting the flagging auto production, according to data released by the federation Wednesday.
Electric furnace steel, produced from scrap iron, also logged a 6.9 pct fall.
Specialty steel, mainly for manufacturers including automakers, saw its production decrease 12.9 pct. Ordinary steel, chiefly for construction, posted a 5.0 pct drop.
JIJI Press
