The association foresees a 9.2% decline in the ordinary steel consumption of Japanese shipbuilders in 2012, falling to 3.87 million tonnes.
Meanwhile, the data released by the SAJ shows that Japanese shipbuilders' steel plate consumption amounted to 3.7 million tonnes in 2011, decreasing by 5% YoY. In 2012, shipbuilders' steel plate consumption is forecast to total 3.36 million tonnes, down by 9.1% YoY as compared to 2011.