Japan's crude steel output to drop by 0.3% YOY from Jul to Sep
2019-09-25 16:46:26 [Print]
Japan's Ministry of Economy, Trade and Industry (METI) expects that in the second quarter (July to September) of fiscal year 2019, Japan's crude steel output would drop by 0.3% YOY to 26.04 million tons. The overall output of steel products would increase; however, due to the decline in construction and industrial machine sector, Japan's domestic demand for steel products would decrease and export would rise.
Metal Department of METI pointed out that the overseas uncertainties such as trade frictions are increasing while domestic demand in Japan slows down. Japan's iron and steel enterprises are seeking for new demand and adjusting inventory.
In the second quarter of fiscal year 2019, carbon steel output of Japan's blast furnace iron and steel enterprises is expected to drop by 540kt or 6.8% compared with the same period of last fiscal year. In light of the uncertainties brought by US-China trade frictions, the inventory for products such as H-beam steel, wire rods, plates and sheets would see a reduction of 440kt or 5.6% compared with the same period of last fiscal year.
With the emerging demand related to the Olympic Games and measures such as inventory adjustment, inventory of H-beam steel, small wire rods, hot-rolled sheets and electrogalvanizing steel plates would move down by 20kt or 0.6% compared with the same period of fiscal year 2018. Inventory of steel sheet piles, H-beam steel and wire rods would see obvious reduction.
In the second quarter of fiscal year 2019, carbon steel export of Japan's blast furnace iron and steel enterprises is expected to move up by 620kt or 11.5% YOY. Due to the recovery of equipment failure, the output of sheets and electrogalvanizing steel plates would rise by 760kt or 14.5% compared with the second quarter of fiscal year 2018.
Affected by natural disasters, the export of H-beam steel, plates and hot-rolled sheets would slide. The export of electric produced steel would see a decrease of 20kt or 7.7% YOY; that for H-beam steel would see a decrease of 60kt or 18.9% YOY. The export of hot-rolled sheets would also see a decrease.
Metal Department of METI pointed out that the overseas uncertainties such as trade frictions are increasing while domestic demand in Japan slows down. Japan's iron and steel enterprises are seeking for new demand and adjusting inventory.
In the second quarter of fiscal year 2019, carbon steel output of Japan's blast furnace iron and steel enterprises is expected to drop by 540kt or 6.8% compared with the same period of last fiscal year. In light of the uncertainties brought by US-China trade frictions, the inventory for products such as H-beam steel, wire rods, plates and sheets would see a reduction of 440kt or 5.6% compared with the same period of last fiscal year.
With the emerging demand related to the Olympic Games and measures such as inventory adjustment, inventory of H-beam steel, small wire rods, hot-rolled sheets and electrogalvanizing steel plates would move down by 20kt or 0.6% compared with the same period of fiscal year 2018. Inventory of steel sheet piles, H-beam steel and wire rods would see obvious reduction.
In the second quarter of fiscal year 2019, carbon steel export of Japan's blast furnace iron and steel enterprises is expected to move up by 620kt or 11.5% YOY. Due to the recovery of equipment failure, the output of sheets and electrogalvanizing steel plates would rise by 760kt or 14.5% compared with the second quarter of fiscal year 2018.
Affected by natural disasters, the export of H-beam steel, plates and hot-rolled sheets would slide. The export of electric produced steel would see a decrease of 20kt or 7.7% YOY; that for H-beam steel would see a decrease of 60kt or 18.9% YOY. The export of hot-rolled sheets would also see a decrease.
