Tag: Japan’s crude steel production falls for third month in a row

Japan’s crude steel production in May fell by 6.3% y-o-y to 7.168 million tonnes, as per Japan Iron and Steel Federation (JISF). This marks the third consecutive month of y-o-y decline. The daily production in May was 231,000 tonnes, which translates to an annualized production of around 84 mnt, a low level. Sluggish demand dampens…