15
Aug
08:20
Japanese GDP stalls despite stimulus
Japan’s economy did not grow in its first fiscal quarter, April-June, despite benchmark interest rates being cut below 0%. A slight improvement in industrial production is positive for steel demand but a strong recovery is looking ever more unlikely, Kallanish notes.
Japanese GDP was up just 0.2% year-on-year in the June quarter, compared to Reuter’s survey of economists’ forecasts which suggested 0.7% growth. GDP was unchanged from the previou…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous