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Japan’s steel consumption decreased by 8.6% from January to April 2023

 In April this year, consumption of domestic steel products in Japan amounted to 3.73 million tonnes, down 4.8 per cent from March and up 8.1 per cent year on year, according to data released by the Japan Iron and Steel Association (JISF).

Meanwhile, from January to April this year, the country’s domestic steel consumption fell by 8.6% year on year to reach 14.87 million tonnes.

In the first four months of the year, steel product consumption in Japan’s construction sector fell by 12.5% to 3 million tonnes, while steel product consumption in Japan’s auto sector reached 3.63 million tonnes, down by 1.2% yearly.

In the indicated period, Japan’s shipbuilding industry consumed 965,047 tonnes of steel products, an increase of 1% over the same period of the previous year.

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