Crude Steel Production in October-December Quarter to be 24.11 Million Tons / Predicted by Ministry of Economy, Trade and Industry (METI) / Strong Demand Especially in Domestic Markets / Third Quarter in a Row to See Increase

摘要

METI announced its predictions of steel demand in the October-December quarter. The demand volume in terms of crude steel production is predicted to be 24.11 million tons, a 0.8% increase from the (expected) volume for the July-September quarter. It will be a 9.6% increase compared to the same period of the previous year, and also will be the third quarter in a row to see an increase. There is strong demand for steel especially in domestic markets, but there are also unpredictable factors such as the effects of the COVID-19 pandemic, the effects of the semiconductor shortage on automobile production and the heightening.” From now on companies may need to carefully monitor actual demand and inventory trends when making decisions about their production activities.