Japan's FY25 crude steel output hits near 60-year low

Unfortunately for Japan's Ministry of Economy, Trade and Industry (METI), its prediction for crude steel production last December has proven grimly accurate, with early industry data showing the country recorded its lowest crude steel output volume for a fiscal year in 57 years.

Preliminary data issued on Wednesday by the Japan Iron and Steel Federation (JISF) showed that for the fiscal year ended March 31, crude steel output reached 80,330,500 tonnes, down by 3.2% from the previous year and exactly in line with METI's December 23 forecast, as Mysteel Global reported. It