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According to data released by the Japan A832 Grade 23V steel Steel Alliance on April 22, 2025, Japan's crude steel production has declined for the third consecutive year in the 2024-25 fiscal year, mainly due to weak downstream demand.
In the fiscal year 2024-25, Japan's total crude steel production was 82.95 million tons, a year-on-year decrease of 4.5%. Among them, the output of BOF converter was 61.37 million tons, a year-on-year decrease of 3.9%; The electric furnace (EAF) production was 21.58 million tons, a year-on-year decrease of 6.1%. Although the monthly crude steel A832 Grade 23V steel production slightly rebounded to 7.21 million tons in March 2025, a year-on-year increase of 0.2%, marking the first positive growth in 13 consecutive months, it is not enough to reverse the downward trend of annual production. In March 2025, BOF production was 5.3 million tons, a year-on-year increase of 3%; The production of EAF was 1.91 million tons, a year-on-year decrease of 6.9%.
In the downstream sector, the production of hot-rolled steel in March was 6.27 million tons, a year-on-year decrease of 3.9%, marking the third consecutive month of decline. Among them, the production of hot-rolled wide strip steel was 3.06 million tons, a year-on-year increase of 0.3%.
According to the forecast of the Japanese Ministry of Economy, Trade and Industry on April 10, 2025, the crude steel production in the second quarter of the 2025 fiscal year is expected to drop to 20.2 million tons, a year-on-year decrease of 4.9%, mainly due to the continued weakening of demand for construction and automotive steel.
At present, the Japanese A832 Grade 23V steel industry still faces the dual pressure of sluggish demand and structural transformation, and it is difficult to achieve a significant recovery in production in the short term.
