Tag: Japan: Ordinary steel orders for automobiles drop by 18.7% y-o-y

Ordinary steel orders for automobiles dropped by 18.7% y-o-y to 545,000 tonnes (t) in December 2022 for the first time in five months since July 2022, according to latest data released by the Japan Iron and Steel Federation (JISF). The order volume was affected by the reduction in automobile production owing to the shortage of…