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Japan’s shipments of CR strips and sheets rise by 9% m-o-m in May
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According to statistics released by the Japan Iron & Steel Federation (JISF), the country’s shipments of cold rolled (CR) strips and sheets totaled 564,811 tons in May, rising by 9% from a month earlier and increasing by 14% year on year.
Among them, 48% were dispatched to domestic market and the remaining 52% were exported to overseas markets.
In May, the country’s inventory of CR strips and sheets totaled 660,337 tons, falling by 2% month on month and decreasing by 14% year on year. Among them, 70% were hold by steelmakers and 30% were taken by traders.
In the given period of time, the domestic prices of CR strips and sheets were at ￥82,000/ton, declining by ￥5,000/ton from a month earlier.
The country’s production of CR strips and sheets amounted 552,192 tons in May, rising by 9% from a month ago and increasing by 3% year on year.
News Date
7/10/2012 8:39:00 AM
reported by
Sancia Li
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