Japan's steel consumption drops in May
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Update time : 2022-07-28 21:02:06
According to data released by the Japan Iron and Steel Association (JISF), in May, Japan's domestic steel consumption was about 3.76 million tons, down by 7.3% from April and dropping by 11.3% year on year.
In the first five months of this year, Japan's domestic steel consumption was 20.03 million tons, a year-on-year decrease of 5.8%.
During the period, steel consumption in Japan's construction industry was 4.25 million tons, sliding by 0.3% year on year. Auto industry steel consumption was 4.45 million tons, down by 15.8% compared to the same period of last year. The shipbuilding industry consumed 1.18 million tons of steel, a year-on-year increase of 13.1%.
