The market is dominated by domestic suppliers, as imports account for 7.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.4% of total demand in 2022. Japan has the second largest market size for basic iron and steel regionally, with demand reaching USD193 billion in 2022. Nippon Steel Corp is the largest company in Japan, generating 21.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 45.1% of total production value in 2022. The total number of companies decreases in 2022, to 7,856 units. The costs of the industry decrease by 23.2% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 12.1% of production value in 2022, the 16th highest regionally. The industry’s exports share increases in 2022 to 18.7% of total production output. With production value of USD203 billion, Japan accounts for 11.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in Japan: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in Japan: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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