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Japan’s domestic steel consumption down 4.4% in Jan-Apr 2022

In April this year, domestic steel product consumption in Japan amounted to 4.05 million metric tons, down by 3.9% compared to March and by 6.8% year on year, according to the data released by the Japan Iron and Steel Association (JISF).

Meanwhile, in the January-April period this year, domestic steel consumption in the country dropped by 4.4% year on year to 16.27 million metric tons.

In the first four months of this year, steel product consumption in the construction sector in Japan rose by 1.9% to 3.43 million metric tons, while steel product consumption in the Japanese automotive sector amounted to 3.67 million metric tons, down 13.6% , both on year-on-year basis.

In the given period, Japan’s shipbuilding industry consumed 955,482 metric tons of steel products, rising by 14.2% compared to the same period of the previous year.

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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