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Home Steel News Japan crude steel demand to fall 1.8% y-o-y in Q4
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Japan crude steel demand to fall 1.8% y-o-y in Q4

30 Sep 2011 14:22 reported by River Jiang

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According to report of Reuters, Japanese demand for crude steel will slightly decline by 1.8% year on year in the Q4 as a steep decrease in steel exports will outweigh strong demand from the auto sector in the given period.

According to a ministry official, the strong yen, higher exports from South Korea and China and uncertain global economy environment have brought pessimistic outlook for exports after the turn of the year.

The government expected that the Q4 demand for steel products, excluding specialty steel would drop by 0.1% from a year earlier to 19.22 million tons. Also, the steel exports would decrease by 7.7% to 6.3 million tons.

However, demand from domestic carmakers was forecasted to jump by 13.4% to 3.05 million tons in Q4.

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Metal Price Index

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  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug23002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug900092509500975010,00010,250
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LME Official Bid Price

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  • 2,700.50
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  • 9,620.50
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