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17 Aug
01:00

Japanese steel demand rebounds in June but remains weak

Japanese domestic ordinary steel demand rebounded 6.9% month-on-month in June but remained down -4.1% year-on-year at 3.62 million tonnes, according to the Japan Iron and Steel Federation (Jisf). The mild recovery will be welcome news to the country’s steelmakers, which have been struggling to force down inventory levels despite growing export volumes, Kallanish notes. Over the April-June quarter, the first of the Japanese financial year, ord…
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