Tag: METI forecasts decline in Japan’s steel demand for Q2’CY24

Japan’s Ministry of Economy, Trade and Industry (METI) released a steel demand forecast for Q2’CY24 (April-June) on 11 April 2024. Crude steel production is expected to reach 21.72 million tonnes (mnt), a modest increase from January-March 2024 (Q1’CY24). However, this represented a 2.2% y-o-y decline compared to the same period last year. This marked the…