Production and Technology of Iron and Steel in Japan during 2018
Production and Technology of Iron and Steel in Japan during 2018
复制标题
2018年日本钢铁生产及技术
DOI:
10.2355/isijinternational.59.939
复制
发表时间:
2019
影响因子:
1.8
通讯作者:
K. Halada
中科院分区:
文献类型:
--
作者:
K. Halada
Reviewing the significant events related to global economy in 2018, the United States imposed import restrictions in March on steel and aluminum under Section 232 of the Trade Expansion Act, resulting in a further worsening trade friction between the US and China. In November, the European Union formally decided the terms of the Withdrawal Agreement establishing the conditions for Great Britain’s withdrawal from the EU (“Brexit”), and we had to focus on so-called protectionist trends, such as the rejection of that proposal by the British Parliament at the beginning of this year. Although fears for the effects of this kind of trade friction and related factors gave rise to feelings of economic stagnation in Europe and China, the overall tone of the global economy was firm. In Japan, 2018 was year of repeated natural disasters, including record-breaking heavy rains in western Japan in July and the large typhoon No. 21 (Typhoon Jebi) that crossed Shikoku and the Kinki region in September, and was followed in the same month by the Hokkaido Eastern Iburi Earthquake, which had its epicenter in the Iburi region of Hokkaido and registered a seismic intensity of 7, the highest on Japan’s seismic intensity scale. These natural disasters were accompanied by extremely severe damage and also affected the operation of nearby steel works. Influenced by these natural disasters, Japan’s industrial production index was stagnant in the 3rd quarter, but then recovered to the year’s highest level in the 4th quarter as recovery from the disasters progressed. Moreover, employment conditions in Japan improved steadily, with both the complete unemployment rate and the ratio of job openings to applicants continuing to show improving trends. A moderate recovering trend continued in the Japanese economy, and a real GDP growth rate of around 0.9% was forecast for fiscal year 2018. Although this is a moderate growth rate in comparison with the Japan’s Izanagi Boom of 1965–1970 (real GDP growth rate 11.5%) and the bubble economy of the late 1980s (5.4%), it is considered possible that this will become the longest period of economic recovery of the post-war era.1–4) In the world steel industry, movements in China and India were a distinctive feature of 2018. Although excess production capacity has been a problem in China for several years, the Global Forum on Steel Excess Capacity (GFSEC) was established by the G20 countries in 2016 to deal with this issue. The First Ministerial Meeting of the GFSEC was held in November 2017, followed by the Second Ministerial Meeting in September of 2018, and efforts to eliminate excess steel capacity in all countries were made through these meetings. In China as well, the government is promoting a plan to reduce crude steel production capacity, and as part of these efforts, illegal operations, represented by ditaiogang (inferior quality induction furnace steel), are to be eliminated completely. On the other hand, while there was a spreading feeling of stagnation in the auto industry and other steel-consuming industries in the second half of 2018 due to the effects of US-China trade friction, domestic demand in China had displayed a firm tone until then, and as a result, China’s crude steel production reached a historic high of 928.26 million tons in 2018. Crude steel production had been essentially flat at roughly 800 million tons in 2015 and 2016, but thanks to the adjustment of excess production capacity and expansion of domestic demand, production grew once again and achieved a level exceeding 900 million tons. India continued to maintain a high real GDP growth rate of more than 7% per year, supported by the public sector, including government spending, and gross fixed capital formation, and because steel demand also increased, crude steel production in 2018 rose to 106.46 million tons, which ranked 2nd in the world and exceeded Japan’s crude steel production (104.33 million tons in 2018) for the first time. Reflecting these trends, world crude steel production in 2018 reached 1 808.61 million tons, exceeding 1 800 million tons for the first time (Table 1).5) Next, turning to trends in the iron and steel industry in Japan, although the Japanese economy as a whole experienced a temporary stagnation due to the effects of the natural disasters that occurred around mid-year, there is now a basic tone of gradual recovery together with recovery from those disasters. In steel-consuming industries, while an adequate return to form could not be seen in the building construction field in the construction market and in the shipbuilding field in manufacturing industries, the trends were generally firm in other fields. Demand for urban development in the runup to the 2020 Tokyo Olympics and Paralympics showed an increasing trend from two years ago and peaked in 2018. On the other hand, particularly among integrated steel makers, problems with production equipment could be seen here and there, and this also affected crude steel production. Reflecting these conditions, Japan’s crude steel production for 2018 (calendar) was 104.33 million tons, which was on roughly the same level (0.3% decrease) as the 104.66 million tons of the previous year (Fig. 1).6) Concerning trends in raw mate-