Japan’s Apr-Sept crude steel output lowest in 52 years
Oct 23, 2020 11:30
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Production of both carbon and special steel in Japan during April-September, the first half of the country’s current fiscal year, plunged by 26.8% on year to 37.1 million tonnes, according to the latest data released by the Japan Iron & Steel Federation on October 22. The crude steel output result for the six months marked the first time that H1 output has fallen below 40 million tonnes since 1968, the JISF noted.
The impact that the COVID-19 outbreak had on Japanese
steel demand and production was most marked in the first half, especially in the
April-June quarter, the federation explained.
The quarterly output declined considerably but April-June
was probably the bottom in terms of Japan’s steel output bottom, the JISF noted,
because July-September showed some recovery