12
Aug
11:00
Stronger yen deflates NSSMC’s demand hopes
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) is concerned that the steadily strengthening yen could convince local manufacturers to shift production overseas, reducing steel demand. It had previously predicted a recovery in domestic demand in the second half of the financial year ending March 2017, Kallanish notes.
Executive vice president Toshiharu Sakae has told Reuters that, “… we have been experiencing headwinds since the ye…
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Anonymous
Very good overview of the weekly steel market.
Anonymous