In February this year, domestic steel product consumption in Japan amounted to 3.58 million metric tons, down 0.5 percent compared to the previous month and up by three percent year on year, according to the data released by the Japan Iron and Steel Association (JISF). Meanwhile, in the first two months of 2026, domestic steel consumption in the country increased by 1.8 percent year on year to 7.19 million metric tons.
In the first two months of the given year, steel product consumption in the construction sector in Japan moved down by 3.9 percent to 1.26 million metric tons, while steel product consumption in the Japanese automotive sector amounted to 1.90 million metric tons, up three percent, both on year-on-year basis. In the given period, Japan’s shipbuilding industry consumed 477,738 metric tons of steel products, down 1.8 percent compared to the same period of the previous year.