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26 Jul
04:20

Japanese steel orders dived further in May

Japan’s May steel orders dived further from the prior month but remained higher year-on-year. The y-o-y decline in year-to-date orders thus lessened a little, according to data from the Japan Iron & Steel Federation (JISF). May orders of ordinary steel products at 4.649 million tonnes posted a fall of 7.3% from the previous month, which was faster than April’s 5.6% drop. The y-o-y change turned from a decrease of 5.7% to an increase of 3.2%, Kallan…
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