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.