UTC+8 ( BJT)

JISF: Japan’s FY20 steel output may fall towards 80 ml t

Japan’s crude steel output for the fiscal 2020 (April 2020-March 2021) may decline to around 80 million tonne from the 98.43 million tonnes for FY19, predicted Eiji Hashimoto, the newly-appointed chairman of the Japan Iron & Steel Federation (JISF) on June 16 after the first press conference as chairman.
Hashimoto, also president of Nippon Steel, expected the country’s steel output over April-September, or the first half of FY20, at 35 million tonnes, an adequate level for the Japanese steel mills to still run at profitability,though it may be around 36-37 million tonnes in a better scenario. As for the second half (October-March), the tonnage may grow to

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