Tokyo, April 22 (Jiji Press)–Japan’s crude steel production shrank 3.2 pct from the previous year to 80.33 million tons in fiscal 2025, falling for the fourth straight year, the Japan Iron and Steel Federation said Wednesday. Output dropped to its lowest level since fiscal 1968, reflecting a slump in international markets due to excessive exports by China. Production of ordinary steel, mainly for construction, decreased 3.9 pct to 61.97 million tons, while that of specialty steel, including for automobile production, slid 0.5 pct to 18.35 million tons, both down for the fourth year in a row. Domestic demand was weakened by a slump in demand from the construction sector due to rising materials prices and labor shortages. Overseas demand was affected by the weakening presence of Japanese automakers in markets in Southeast Asia and other regions amid the rise of Chinese electric vehicle makers, in addition to sluggish global market conditions. In March alone, Japan’s crude steel output fell 4.1 pct from a year earlier to 6.91 million tons, sliding for the 12th consecutive month. A federation official said that steel exports to the Middle East dropped by about 25 pct due to growing turmoil in the region. END [Copyright The Jiji Press, Ltd.]
Japan Crude Steel Output Down 3.2 Pct in Fiscal 2025
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