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Japan's crude steel production up 36.8%

Posted by Junichi Kawagoe on 19.2010 News Out of English Newspaper   0 comments   0 trackback
Japan's crude steel output grew for the third straight month in January, due mainly to growing exports to South Korea and China.

The Japan Iron and Steel Federation says steelmakers produced 8.7 million tons of steel last month, up 36.8 percent from a year earlier.

The growth is attributed in part to a recovery from the sharp drop in demand and output following the global financial turmoil that began in 2008.

Demand in Japan, however, remains sluggish in most sectors other than automobiles and household electrical appliances.

Steelmakers say demand is still slow in Japan, especially from construction firms. They say the outlook for the next fiscal year beginning in April is uncertain.

2010/02/19 05:50(JST)
(JST: UTC+9hrs.)
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