07
May
01:00
Kobe Steel to boost output despite weak demand
Japan’s Kobe Steel intends to increase its steel output in the current fiscal year, it says. The move comes despite the steelmaker’s prediction of a weak year for Japanese steel demand, especially in the first half, Kallanish notes.
Kobe Steel has set a target of 7.7 million tonnes of crude steel in the year ending March 2016, up 2.7% from the previous fiscal year. It expects demand to be weak in the current quarter due to automotive inventory cl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous