Recovery Continues in Crude Steel Output Japan in November
Strategic Research Institute
Published on :
24 Dec, 2021, 4:44 am
According to the data released by the Japan Iron and Steel Federation, Japanese crude steel production in November 2021 was 8.04 million tonnes down by 2.2% MoM but up 10.7% YoY. In the January-November 2021, Japan's crude steel production came to 88.39 million tonnes, rising by 16.8% YoY.
Hot rolled section – 462,600 tonnes, up 10.9% YoY
Bar – 747,800 tonnes, up 0.8% YoY
Wire rod – 122,200 tonnes, down 3.9% YoY
Heavy plate – 770,500 tonnes, up 17.9% YoY
Hot rolled wide strip - 3,298,200 tonnes, up 7.9% YoY
Cold rolled wide strip - 1,395,400 tonnes, up 7.3% YoY
Galvanized sheet - 792,800 tonnes, up 6.6% YoY
Welded pipe - 304,900 tonnes, up 12.4% YoY
Japan’s Ministry of Economy, Trade and Industry said that Japan's crude steel output is expected to rise by 1.9% YoY in the January-March 2022 quarter to 24.15 million tonnes, helped by a recovery in autos sector & manufacturing including shipbuilding and machinery. This would mark the fourth straight quarterly increase and bring annual output for the financial year to March 31 to 97.07 million tonnes, up 17% from a year earlier when the COVID-19 pandemic pushed production to the lowest in about 50 years. METI's Metal Industries Division Director Mr Daisuke Matsuno said “Our forecast is based on an assumption automakers will boost output to recover a loss from the recent months. But there is a downside risk if car output does not rise according to their plans. That is because of mixed reasons, including slow automobile production and reduced steel output capacity.”