Japans crude steel production in May rose to its highest
level since January 2011 on improving demand, the Japan Iron
and Steel Federation (JISF) said June 21.
Output in May totaled
9.62 million tonnes, up 4.3 percent year on year and 5 percent
higher than April levels.
remained solid last month for condominiums, warehouses and
commercial facilities in the Tokyo metropolitan area, helping
fuel domestic steel demand at a time when exports are
weakening, and leading to a robust increase in output of long
Output of flat
products such as hot-rolled coil, galvanized steel sheet and
electrical sheet also increased sharply amid growing demand
from the manufacturing sector.
production of 7.48 million tonnes in May rose 5.9 percent year
on year and 4.6 percent from April.
steel output posted a tenth straight month of year-on-year
declines, falling 1 percent to 2.13 million tonnes. But volumes
were up 6.3 percent vs. April.
Output at the
countrys four blast furnace operators came to 7.48
million tonnes, up by 6.4 percent year on year and by 5.3
percent compared to April.
In contrast, output of
electric-arc furnace steels declined 2.1 percent year on year
to 2.18 million tonnes, the tenth consecutive decline.
Production levels are expected to continue rising in the
next few months as the effects of the weak yen begin to be felt
by the countrys mills in the form of increased
consumption by the manufacturing sector, while demand from the
construction sector become firmer.
A version of this
article was first published by AMM sister publication Steel