Crude steel output rises in FY16

Jiji Press TOKYO (Jiji Press) — Crude steel production in Japan in fiscal 2016 to March rose 0.9 percent from the previous year to 105.16 million tons, marking the first growth in three years, the Japan Iron and Steel Federation said Thursday.

“Recovery in the second half of the year contributed significantly to the rise,” a federation official said.

Steel exports were lackluster, but domestic demand for steel products used in automobiles and buildings was strong, the industry group said.

Automakers showed strong demand due to new model releases, while in the construction industry, steels were in demand for use in urban redevelopment projects and at distribution warehouses.Speech

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