Global crude steel output in September fell 0.3% from a year earlier to 151.5 million tonnes, the first decline since April 2016.

Kitano, who is also president of JFE Steel, a unit of JFE Holdings, also told a news conference that higher steel exports from India and Russia to ASEAN, reflecting a slower economy in Europe and India, are weighing on Asian steel markets.

(Reporting by Yuka Obayashi; Editing by Muralikumar Anantharaman)