Japan’s steel output slips for 2d year in row

Jan 24, 2013 | 10:23 AM |

Tags  Japanese steel, crude steel production, Japan Iron and Steel Federation

TOKYO — Japanese steel output fell for a second consecutive year in 2012, falling 0.3 percent to 107.2 million tonnes as steelmakers faced continued weak demand at home and in export markets, according to Japan Iron and Steel Federation data.

In particular, demand for vehicles weakened after a government subsidy program for environmentally friendly vehicles ended in September, hitting steel demand and forcing producers to rein in their output, the trade group said.....

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