Japan iron and Steel Federation's latest data showed that 2016 Fiscal year ( As of 2017 years 3 month ) Japanese crude steel production reached 1.0516 Million tonnes, only slightly increased 0.9% , But this is the first growth in three years and the seventh consecutive annual production exceeding 1 Million tons.
2016 Fiscal year Japan special steel production reached 2436 Million tons, an increase of 4.2%; Carbon steel production 8080 Million tons, down 0.1%; Converter steel production 8129 Million tons, an increase of 0.8%; Output of electric furnace steel 2387 Million tons, an increase of 1.2% , Contributions from car orders of special steel.
By product, 2016 Fiscal year, Japanese hot-rolled coil output 4410 Million tons, an increase of 0.6%; Cold-rolled strip production 1862 Million tons, an increase of 1.2%; H section steel production fell 2.9% to 380 million tons ; Small bars, including rebar production 843 Million tons, down 0.9% 。 Starting from the second half of the last fiscal year, construction steel demand in Japan's modest recovery, building steel production is still at a low level.
Japan iron and Steel Federation also expects 2017 Japan's crude steel output in fiscal year over last fiscal year. Although the Agency did not give the actual forecast, reflecting optimism about this fiscal year, the Japanese steel industry. Japan iron and Steel Federation global steel demand this year and next is expected to maintain steady growth.
In Japan, in manufacturing and construction steel demand is expected to remain stable, plate maintained the tight balance between supply and demand in the market, which directly affects the result, 2017 Fiscal year, Japanese steel output will continue to grow. Due to the included Japan's Golden Week Spring holidays (4 month to 5 month ) , seasonal factors, low season is usually a domestic steel demand in the second quarter a year, steel operations will slow down. But so far in the second quarter, the Japanese steel production did not decline as usual, especially United Steel Mills and steel mills were operating at full capacity. This is a good place to start this fiscal year, so fiscal year in Japan's steel output is expected to increase.