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Japan’s steel consumption down 7.1% in Jan-Sept 2022

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.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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