Japanese ship steel orders may plunge in second half

Apr 28, 2012 | 04:04 AM |

Steel demand from Japan's shipbuilders is expected to plunge as much as 20% in the second half of this year as the long-run effects of the global economic crisis takes its toll on the number of ships being built. “In the October-March period, we expect orders from shipbuilders to decline by 15-20%. Obviously, this will have a big impact on both prices and overall steel demand since they are the steel industry's second-largest consumer among manufacturers after....

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