Weaker manufacturing dampens demand for Japanese steel in September

Demand for Japanese steel fell 12.4% on the year to 5.1 million tonnes in September, mainly due to the smaller appetite of Japan’s manufacturing sector, according to the latest statistics released this week.

Manufacturing steel demand in the country fell 10.5% to 1.51 million tonnes during the month, the Japan Iron & Steel Federation (JISF) said. Demand from the Japanese automotive sector fell 13.2% to 699,000 tonnes, while that from...

Published

Paul Lim

November 20, 2018

05:30 GMT

Singapore