Japan domestic steel industry, orders for the pre-crisis levels
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According to the data released by the Japan Iron and Steel Association, steel product orders, including specialty steels, booked by domestic steel consuming sectors in Japan in October this year amounted to 7.56 million metric tons,
increasing by 6.17 percent compared to September and up 0.56 percent
year on year. This is the largest amount of orders registered since
September 2008.In October, steel product orders in Japan, including specialty steels,
booked by the domestic construction sector decreased by 0.65 percent
compared to September, to 890,262 metric tons, while the year-on-year
decrease was 17.92 percent. Meanwhile, steel product orders booked by
the Japanese automotive sector continued their rise which began in
February this year, reaching 1.19 million metric tons, up 9.88 percent
compared to September and down 10.36 percent year on year. Finally,
Japan’s shipbuilding industry booked 498,400 metric tons of steel
products during the month in question, up 8.89 percent month on month,
but down 0.43 percent year on year.Source: SteelOrbis
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