According to the steel demand outlook for the fourth quarter of fiscal year 2021 (January-March 2022) released by the Ministry of Economy, Trade and Industry (METI) on January 23, the volume of crude steel demand equivalent to shipments will be 24.15 million tons, down 1.4% from the previous quarter’s result expectations
This is the first decrease in two quarters.
The main reason for the decline is the decrease in the number of days in February, but full production is expected to continue, and steel demand will continue to recover.
The Metals Division of the Ministry of Economy, Trade and Industry (METI) assumes that demand will continue to recover before the new coronavirus disaster.
However, the Ministry of Economy, Trade and Industry (METI), Metals Division, assumes that demand will continue to recover before the new coronavirus disaster, but points out that the situation of coronaviruses at home and abroad and the downturn in automobile production due to parts shortages are risk factors.