In September this year, domestic steel product consumption in Japan amounted to 3.91 million metric tons, rising by 3.1 % compared to August and declining by 7.3 % year on year, according to the data released by the Japan Iron and Steel Association (JISF).

Meanwhile, in the January-September period this year, domestic steel consumption in the country declined by 7.1 % year on year to 35.38 million metric tons.

In the first nine months of this year, steel product consumption in the construction sector in Japan dropped by 4.4 % to 7.41 million metric tons, while steel product consumption in the Japanese automotive sector amounted to 8.13 million metric tons, down 11.7 % , both on year-on-year basis.

In the given period, Japan’s shipbuilding industry consumed 2.12 million metric tons of steel products, up 10.7 % compared to the same period of the previous year.