Japanese steel production is expected to grow

During this period, Japanese demand for finished steel is expected to rise 20.3% year-on-year to about 13.7 million tonnes, while finished steel exports are expected to rise 21.1% year-on-year to 6.9 million tonnes due to possible economic consequences. recovery.

In addition, demand for conventional steel from the construction industry was projected to fall 1.5% year-on-year to 4.6 million tonnes, while mechanical engineering demand would rise 25.5% year-on-year to about 1.2 million tonnes. .