Crude steel domestic production dropped below 100 million tons for the first time in 10 years January 24 5:41
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Last year, domestic production of “crude steel”, the source of steel products, fell below the 100 million ton mark for the first time in 10 years since 2009. This was mainly due to a decrease in exports due to trade friction between the United States and China.
According to the Japan Iron and Steel Federation, the production of “crude steel”, which is the basis for steel products used in automobiles, industrial machines, construction materials, etc., last year was 9.28 million tons, down 4.8% from the previous year.
Crude steel production has fallen below the previous year for the fifth consecutive year, falling below the 100 million ton mark for the first time in 10 years since 2009, when the economy collapsed sharply due to the so-called Lehman shock.
Long-term trade friction between the United States and China has led to a decrease in exports of automobiles and industrial machinery to China, and the Typhoon No. 15 last September damaged Nippon Steel's steelworks in Chiba Prefecture. Has been affected.
One of the reasons is that construction of facilities related to the Tokyo Olympics and Paralympics has progressed, and demand for construction materials has decreased.
Regarding the outlook for crude steel production, the Japan Iron and Steel Federation says that `` the impact of the U.S.-China trade friction will continue, but exports to infrastructure in emerging countries will gradually recover, and may slightly exceed last year '' .