JFE Steel has set a target of 26.5 mn t crude steel production in the fiscal year FY’22 amid demand recovery. Steel demand in Japan is expected to see a gradual improvement due to recovery in demand in various sectors while the same in oversees market is expected to recover generally due to China’s strong steel demand and economic recovery throughout key markets. The company reported a 15% fall in crude steel production to 22.76 mn t in FY’21.
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