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01 Dec
09:38

Japanese steel output seen up slightly in December

Japanese iron and steel output is expected to have increased just 0.1% in November before growing 2.9% in December, according to a production outlook survey by the Ministry of Economy, Trade and Industry (Meti). If applied directly that would put Japanese crude steel production in December up year-on-year for the first time since August 2014, Kallanish notes. Japanese steelmakers have controlled production heavily since April in order to combat inventories. Weak…
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