30
Jul
01:00
NSSMC controls output as Japanese inventories stay stubbornly high
Japanese steel demand remains in the doldrums and inventories are only reducing slowly despite a cutback in production, Kallanish notes. Nippon Steel and Sumitomo Metal Corporation (NSSMC) now plans only a small increase in steelmaking in the July-September quarter in the hope that inventories can reach a healthier level, it says.
Total Japanese ordinary steel inventories stood at 6.67 million tonnes at the end of June. These were down only -3.96% from the e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous