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14 Apr
14:57

Japan's steel output recovery to slow

Japan's crude steel production is expected to decline slightly in the April quarter due to the seasonal weakening of demand. This will still be higher than output in the same period last year, however, which was impacted by the Covid-19 pandemic. Japan's Ministry of Economy, Trade and Industry (METI) forecasts April-quarter crude steel output to rise by 28% from a year earlier to 23.24 million tonnes. This however would be down by 2% from 24…
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