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15 Apr
12:30

Japan output to decline in second quarter: METI

Japan’s crude steel output is forecasted to decline in the second quarter due to falling automotive production amid semiconductor and components shortages, according to the Japanese Ministry of Economy, Trade and Industry, Kallanish learns. Accumulated crude steel output in Q2 may inch down by 4.2% year-on-year to 23.33 million tonnes, taking half-year volumes down 3.4% on-year to 46.41mt. Also, domestic demand for finished steel is predicted to register a …
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