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29 Dec
02:06

Japan’s first-quarter output, demand forecast to slip

Japan’s Ministry of Economy, Trade and Industry (METI) forecasts that both Japanese steel production and demand will trend lower in the first quarter. But crude steel output will post a small increase compared with the same period last year, Kallanish notes. METI predicts the country’s crude steel output to reach 21.98 million tonnes in Q1, falling 1.7% over Q4 2023 but rising at the same pace from the year-ago level. This forecast shows the volat…
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