Japanese Crude Steel Consumption Declines
Japanese crude steel consumption fell by 5.1 Mt year-on-year to 99.5 Mt in 2019, revised data from the Ministry of Economy, Trade and Industry (METI) show. Last year’s decline marked a fifth year in a row of annual falls, with 2019 consumption at the lowest level since 2009.
The country’s crude steel production has also posted annual declines in every year since 2015. Total crude steel output fell to 99.3 Mt in 2019 from 104.3 Mt in 2018.