Japan’s Crude Steel Outputs for April-September are Expected to Increase to 52.54 Million Tons

Japan’s crude steel outputs for the first period of fiscal 2016 increased by 0.9% from the previous year to 52.54 million tons, Japan Iron and Steel Federation announced on 20th. Because iron and steel makers kept to control production on the background of sluggish demand in Japan, activities in order to adjust steel inventories, sluggish demand of energy steel material caused by low price of crude oil and confusion of international market due to overproduction and over exports in China, couldn’t exceed the level in the first half of fiscal 2015, that dropped off due to reactionary fall caused by last minute surge in demand before the consumption tax increase.