Latest news with #JapanIronAndSteelFederation
Reuters
23-07-2025
- Business
- Reuters
Japan crude steel output falls for third straight month in June
TOKYO, July 23 (Reuters) - Crude steel output in Japan, the world's No.3 producer, fell 4.4% in June from a year ago, marking a third straight month of annual decline, weighed down by sluggish local demand and weak exports amid high shipment volumes from top producer China. Output, which is not seasonally-adjusted, dropped to 6.72 million metric tons, the Japan Iron and Steel Federation said. Production was also down 1.7% from May. An analyst at the federation said that the decline reflects weak demand in Japan from industries such as automotive manufacturing, along with rising material costs and ongoing labour shortages that continue to hamper construction activity. Sluggish export demand is also dampening production, the analyst said, though the direct impact of U.S. tariff hikes on steel is limited as Japan exports only about 1 million tons to the U.S. market annually. China's steel exports in June fell 8.5% from May to a four-month low of 9.68 million tons, but total outbound shipments in the first half rose 9.2% year-on-year to an all-time high of 58.15 million tons, as steelmakers boosted exports ahead of expected demand weakness from U.S. tariff increases. Japan's steel output in the first six months fell 5% to 40.55 million tons, the lowest for the period since 2009, when the global financial crisis hit demand, according to the federation's analyst. "While production rebounded quickly after the 2009 financial crisis, the current slump shows no signs of recovery and appears more serious," the analyst said. Earlier this month, the Ministry of Economy, Trade and Industry projected that Japan's crude steel output will fall 2.3% in the July-September quarter from a year earlier.
Yahoo
22-07-2025
- Business
- Yahoo
Japan launches anti-dumping probe into stainless steel sheets from China, Taiwan
TOKYO (Reuters) -Japan has launched an anti-dumping investigation into nickel-based stainless cold-rolled steel sheets and strips imported from China and Taiwan, its trade and finance ministries said on Tuesday. The move follows a petition filed on May 12 by Nippon Steel and other domestic manufacturers, who claim they have been forced to lower prices due to weakening domestic demand, as buyers have shifted to cheaper imports. The Ministry of Economy, Trade and Industry and the Ministry of Finance plan to complete the investigation within a year and will then decide whether to impose anti-dumping duties. According to the application submitted by the steelmakers, imported products were being sold in Japan at prices 20% to 50% lower than those in China and 3% to 20% lower than those in Taiwan. The Japanese steelmakers claim that they have been unable to set prices that reflect rising costs, leading to a decline in operating profits and other damages. Excess production and exports by Chinese steelmakers have become an international concern. Japan is among a number of countries that have criticised Chinese companies for receiving government subsidies to produce excess steel and then exporting it at cheap prices, worsening global market conditions. While other countries have imposed anti-dumping measures or similar actions against China, Japan has yet to do so. Tadashi Imai - chairman of the Japan Iron and Steel Federation, and also president of Nippon Steel - has repeatedly warned that the global rise in protectionism could leave Japan vulnerable to inexpensive steel imports, hurting domestic production.
Reuters
22-07-2025
- Business
- Reuters
Japan launches anti-dumping probe into stainless steel sheets from China, Taiwan
TOKYO, July 22 (Reuters) - Japan has launched an anti-dumping investigation into nickel-based stainless cold-rolled steel sheets and strips imported from China and Taiwan, its trade and finance ministries said on Tuesday. The move follows a petition filed on May 12 by Nippon Steel (5401.T), opens new tab and other domestic manufacturers, who claim they have been forced to lower prices due to weakening domestic demand, as buyers have shifted to cheaper imports. The Ministry of Economy, Trade and Industry and the Ministry of Finance plan to complete the investigation within a year and will then decide whether to impose anti-dumping duties. According to the application submitted by the steelmakers, imported products were being sold in Japan at prices 20% to 50% lower than those in China and 3% to 20% lower than those in Taiwan. The Japanese steelmakers claim that they have been unable to set prices that reflect rising costs, leading to a decline in operating profits and other damages. Excess production and exports by Chinese steelmakers have become an international concern. Japan is among a number of countries that have criticised Chinese companies for receiving government subsidies to produce excess steel and then exporting it at cheap prices, worsening global market conditions. While other countries have imposed anti-dumping measures or similar actions against China, Japan has yet to do so. Tadashi Imai - chairman of the Japan Iron and Steel Federation, and also president of Nippon Steel - has repeatedly warned that the global rise in protectionism could leave Japan vulnerable to inexpensive steel imports, hurting domestic production.
