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30 Oct
09:45

NSSMC sees steady Q4 Japanese steel demand

Japanese domestic steel demand is likely to fall in Q4 from Q3 but remain roughly flat year-on-year, according to Nippon Steel and Sumitomo Metal Corporation (NSSMC). Strong non-residential construction starts and public works spending should compensate for lower year-on-year automotive output, Kallanish notes. “The Japanese economy is expected to maintain a moderate recovery, supported by stable private consumption and capital investment, despite some res…
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