Asia Economy

US-China trade spat is slowing Japan's steel demand, lobby says

Key Points
  • There were some signs of a slowdown in steel demand for use in machinery and IT equipment resulting from the escalating trade spat between the United States and China, the head of Japan's steel industry body said on Tuesday.
Robots weld steel at a factory in the Keihin Industrial Area of Kawasaki City, Kanagawa Prefecture, Japan, on Friday, July 1, 2011.
Koichi Kamoshida | Bloomberg | Getty Images

The head of Japan's steel industry body said on Tuesday there were some signs of a slowdown in steel demand for use in machinery and IT equipment resulting from the escalating trade spat between the United States and China.

Yoshihisa Kitano, chairman of the Japan Iron and Steel Federation, also told a news conference he was keeping a close eye on China's steel exports amid signs of slowing demand in some industries there, also due to the trade dispute.