Japan's steel output hits five-month high

Apr 23, 2012 | 06:31 AM |

Japan’s crude steel output rose to its highest level for five months in March 2012, but was still lower year-on-year.

Production increased in March to 9.32 million tonnes, 2.3% higher than in the corresponding month a year earlier and 8.3% more than in February this year.
Japanese mills reported tentative signs of better demand after a year in which the steel market was kept in check by low economic growth and was hit by one-off events. ....

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