Japan’s domestic steel sales in May’20 fall to 53-year low

Domestic steel sales in Japan fell by 29.9% y-o-y to 2.38 mn t in May’20, which is the lowest in 53 years, the data by Japan Iron and Steel Federation shows. As an impact of COVID-19, industry activities have slowed and orders for the manufacturing industry, including automobiles, have dropped significantly. ~ Inputs from Japan Metal Daily