Wednesday, 13 May 2015

Commodities Buzz: Japan Special Steel Output Expected At 4.68 Million Tonnes in Q 2

Japanese Ministry of Economy, Trade and Industry (METI) estimated that Japanese special steel output will be at 4.68 million tons in the second quarter of 2015, compared from 4.8 million tons in the first quarter of 2015.
Among them, Japanese steel mills are going to produce special steel products around 3.08 million tons for the domestic market and 1.59 million tons for exports.

Market participants said the demand has weakened due to shrining consumption from auto and energysectors.

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