According to data released by the Japan Iron and Steel Federation on the 21st, the country's crude steel production in October this year decreased by 4.9% to 8.157 million tons, a year-on-year decrease for four consecutive months. The disruption of the transportation supply chain caused by Typhoon Haibeisi landing in Japan this year is the main reason for the decline in steel production. In addition, the Japanese government’s increase in the consumption tax rate in October also inhibited steel demand to some extent.
In terms of varieties, in October this year, the output of ordinary steel widely used in the automotive industry decreased by 2.5% to 6.279 million tons, and the output of high-strength special steel decreased by 12.2% year-on-year to 1.878 million tons for 11 consecutive months. Year-on-year decrease.
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