According to statistics from the Japan Iron and Steel Federation (JISF), sales of finished carbon steel products in the country totaled about 56.8 million tonnes in fiscal 2020 ending March 2021, down 9% from the previous year.
That figure was even below the lowest level of 55.96 million tonnes of regular steel sales in fiscal 1970, when Japan faced the first oil shock to the economy, indicating that the COVID-19 epidemic has had a huge negative impact on the country. ... steel market.
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