Tag: Japan: Steel production expected to fall in Q2CY’24 as demand weakens

Japan’s crude steel production for April-June is expected to fall 2% y-o-y to 21.7 million tonnes (mnt), marking the second quarter of decline, according to a Ministry of Economy, Trade and Industry (METI) production plan released on 10 May. The decline is attributed to weakening demand for steel products both domestically and internationally, causing steelmakers…