The market is dominated by domestic suppliers, as imports account for 4.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. Japan has the second largest market size for basic iron and steel regionally, with demand reaching USD278 billion in 2023. Nippon Steel Corp is the largest company in Japan, generating 20.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 43.2% of total production value in 2023. The total number of companies increases in 2023, to 9,084 units. The costs of the industry increase by 5.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.3% of production value in 2023, the 18th highest regionally. The industry’s exports share decreases in 2023 to 11.4% of total production output. With production value of USD270 billion, Japan accounts for 14.4% of the Asia Pacific total in 2023.
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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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