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World News
Japan crude steel output in October to reduced
According to data from the Japan Iron and Steel Federation (JISF), Japan crude steel output in October reduced maximum annual domestic car production slowed and construction steel import increase.
Steel output in October reduced 6.7% compare with the same month last year, to 8.84 million tons and is the largest drop since January 1/2012.

Japan car production decline by the government stopped subsidies environmentally friendly car in September.

In addition, political tensions between China and Japan damage Japan car sales in China.

Beside, the strong Yen is also attractive to imported steel, lead to the Japan steelmakers to cot production.

Source: Satthep

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