Steel Consumption in Japan for 2021 / 54.43 Million Tons; Increase of 4.5% / Forecast by Japan Iron and Steel Federation
Demand Will Recover for Automotive Industry But Will Not Reach 2019 Levels
On January 27th, the Japan Iron and Steel Federation announced their forecast of steel consumption for 2021 for each industry. Due to the COVID-19 outbreak, it is certain that demand for steel will tremendously decrease for the fiscal year 2020, but they project that for 2021 demand will rebound in all industries. But it is unclear whether...
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