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Japan's crude steel output forecast to rise 1.7% in Q1 2024-有色金属展-铜材展-2024年广州国际有色金属工业展览会-The 24th China(Guangzhou) Int’l Non-Ferrous Metals (Copper) Exhibition
1/2/2024  有色金属展-铜材展-non-ferrous metals expo
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    The Japanese Ministry of Trade (MET) has forecast that the country''s crude steel output in the January-March periodof 2024 wil increase by 1.7 percent vear on vear to 21.98 million mt. marking a 1.7 percent decrease ouarter onquarter, according to a report by Reuters. in the January-March period of 2023. Japan''s crude steel outout totaled
21.62 million mt.
Speaking at a press conference, Daisuke Matsuno, director of the METl''s metal industries division, stated. "Steeoutput will increase as solid demand from automakers is anticipated to offset sluggish demand from othermanufacturers and the construction sector. But there are concerns that the weakening European economy and stalledeconomic recovery in China could weigh on steel demand in industrial machinery." Regarding his concerns aboutChina''s growing steel output and exports, "Exports of specialty steel products will likely pick up, but those of ordinarysteel products are expected to decrease amid strong exports from China where the supply-demand balance isdeteriorating,”Matsuno said.
In the January-March quarter of 2024, demand for Japanese steel products from both domestic and export markets isorecast to decrease by 0.5 percent vear on vear to 19.91 million mt. while finished steel exoorts are predicted to riseby 1.4 percent year on year.
According to Japan iron and Steel Federation''s (JISF) latest forecast, however, while domestic demand is expected torecover in 2024. Japan''s crude steel production will move sideways compared to 2023. 有色金属展-铜材展-2024年广州国际有色金属工业展览会-The 24th China(Guangzhou) Intl Non-Ferrous Metals (Copper) Exhibition 2024有色金属展,2024有色金属展会,2024有色金属展览会,2024展,2024展会,2024展览会,2024展,2024展会,2024展览会,2024广州有色金属展,2024广州有色金属展会,2024广州铜材展,2024广州铜材展会,广东铜材展,中国铜材展会,广东有色金属展,中国有色金属展会,2024铝材展会,2024铜材设备展,2024铜材博览会,2024色金属博览会-copper Industry Exhibition,copper expo, 2024 copper exhibition, 2024 copper expo, China copper exhibition, China copper expo,-Laser Industry Exhibition,copper expo, 2024 copper exhibition, 2024 copper  expo, China copper exhibition, China copper expo
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