As demand for steel dwindles, smaller volumes of neon and krypton are being produced.
The global plunge in demand for steel and the decrease in production by blast furnace producers in Russia and the US has resulted in a reduced supply of neon and krypton.
Hit by the pressure of the price hikes implemented by the overseas gas producers from which these gases are procured, suppliers in Japan will embark on major price hikes as of April, with the possibility of neon going up by 20-30% and krypton doubling.
Russia is considered to account for 70% of the current global production of neon, but as of last autumn the operational ratios of the onsite plants at the blast furnaces dropped to 50%.
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