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01 Aug
01:00

Japan construction market uptick should improve steel demand says Nippon

Nippon Steel and Sumitomo Metal Corp says that Japanese steel demand was robust during the first quarter of 2014 despite a seasonal decline in civil engineering and construction activity. It believed there were signs of recovery in manufacturing despite the negative effect of an increase in consumption tax in Japan on 1 April. Steel demand should improve through the year with a pick-up in demand from construction activity, it notes. However, high Chinese ste…
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