Japan expects stable steel output volumes in the third quarter

The Ministry of Economy, Trade and Industry (METI) of Japan expects the country’s steel output in the third quarter of 2025 to remain at the same level as the corresponding period in 2024. This is indicated by the production plans published by the Ministry, reports Japan Metal Daily.

For the July–September period, the Ministry forecasts production of 20.62 million t, representing a slight increase (+0.1% year-on-year), which marks the first quarterly growth since the end of 2023.

The country’s steelmakers are maintaining low production levels due to persistently weak domestic and international demand. It is noted that the outlook is further complicated by uncertainty regarding the potential impact of new US tariff policies.

As for demand trends, the domestic market remains sluggish across all sectors. The construction industry continues to face delays due to labor shortages and rising costs, while the automotive sector suffers from low actual demand. As a result, steel producers are taking a cautious approach to production planning.

The total output of steel products in the third quarter is expected to reach 18.10 million t (+3% quarter-on-quarter).

It should be recalled that in July of the current year, the United States and Japan reached a trade agreement. Japan will invest $550 billion in the United States and will pay a reciprocal tariff of 15%. The US tariffs of 50% on steel and aluminum imports were not included in the agreement.