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Japan's crude steel production for 14 months year on year reduction
Japan's crude steel production for 14 months year on year reduction Japan Iron & Steel Federation data released on the 19th, October crude steel production decrease compared with the same period last year by 3.8% to 9.003 million tons, down 14 consecutive months of year. Fell more than the length of time after the 2008 financial crisis, the collapse of Japan's bubble economy because 16 months of continuous reduction of the maximum time from August 1991 to November 1992 since. This is subject to the major customers in the automotive manufacturers in domestic production downturn. Given China's manufacturers because domestic sales slowdown and expand steel exports to Southeast Asia, Japan's exports also showed bad. In addition to the impact of the economic downturn in Southeast Asia. Steel Union Leader guess "the recent period of time will continue living in low." From the point of view of steel, ordinary steel for automotive body and housing construction steel went down by 4.2% to 6.957 million tons, after processing, such as improving the strength special steel declined by 2.7% to 2.046 million tons. Ordinary steel for 8 months reduced, reducing special steel for 11 consecutive months.