Crude Steel Production at 14 Electric Furnace Works in Kanto Declines to 362,200 Tons, Planned for June

Crude steel production by 14 electric furnace makers in the Kanto region in June 2023 is expected to fall 2.6% y/y and 3.4% m/m to around 362,200 tons. Deformed steel bars, mainly base size, have been stagnant for both large-scale and small- and medium-scale construction projects. Shaped steel production is also on a downward trend, with the exception of some products. Billet exports are also expected to remain at low levels due to the sluggish Asian market, and both y-o-y and m/m forecasts are negative.