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Japanese steel mill plans to cut production in 4Q

Japanese steel mill plans to cut production in 4Q

  • Categories:Company News
  • Author:
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  • Time of issue:2018-04-23
  • Views:24

(Summary description)Japanese steel mills' crude steel production target for the fourth quarter of this year was 26.6 million tons, down 2.4% from the previous month, but still higher than the Japanese Ministry of Economy, Trade and Industry's expectations, mainly because the latter believes that demand is insufficient to support the output.

Japanese steel mill plans to cut production in 4Q

(Summary description)Japanese steel mills' crude steel production target for the fourth quarter of this year was 26.6 million tons, down 2.4% from the previous month, but still higher than the Japanese Ministry of Economy, Trade and Industry's expectations, mainly because the latter believes that demand is insufficient to support the output.

  • Categories:Company News
  • Author:
  • Origin:
  • Time of issue:2018-04-23
  • Views:24
Information

Japanese steel mills' crude steel production target for the fourth quarter of this year was 26.6 million tons, down 2.4% from the previous month, but still higher than the Japanese Ministry of Economy, Trade and Industry's expectations, mainly because the latter believes that demand is insufficient to support the output. At the end of September this year, the Ministry of Economy, Trade and Industry of Japan expects that Japanese steel demand will decrease by more than 800,000 tons in the fourth quarter, and demand for finished products will be 23.5 million tons, down 3.3% from the previous month and down 2.1% year-on-year, and the expectation is not considered with China's territory. The impact of the dispute.

 

Japan's Ministry of Economy, Trade and Industry said that Japan's steel demand may deteriorate further in the fourth quarter, such as the overall export problems with China, and the current decline in demand has been directly or indirectly. Japan's steel exports in the fourth quarter are expected to be 8.27 million tons, down 2% from the previous month, but up 13.4% year-on-year. However, from the production target, only some steel mills cut production plans in consideration of China's resistance to Japanese products.

 

According to Japanese steel mills, domestic steel sales in the fourth quarter will be 14.9 million tons, down 0.7% from the previous month, of which H-shaped steel is 895,000 tons, up 8.4% from the previous month; small-sized materials are 2.33 million tons, up 7.6% from the previous month. From the perspective of local demand, flat steel demand may decline due to the government's subsidies for environmentally friendly vehicles in September; while the construction industry is still in strong demand due to reconstruction efforts in the north, some construction projects are lacking due to lack of workers. Delayed, so steel mills are very concerned about the rise in construction industry stocks.

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