Japanese ship orders drop 59% year-on-year in August but steel demand remains stable

According to the latest data released by Japan Ship Exporters, in August, new orders for Japanese ships from both home and abroad fell 59.1 percent year-on-year to 496,800 gross tons (GT) or 15 ships. The year-on-year decline was attributed in part to the high starting base from a year ago and actual steel consumption by […]