Japan’s steel market yet to revive with lift of emergency

The Japanese steel market are still seeking clear signs of revival in steel demand as the state of emergency was just lifted on May 25, and many of the market participants are also waiting to see whether the government’s intensifying efforts in stimulating the national economy will boost steel consumption.
The Japanese government lifted the restriction measures gradually, firstly from 39 prefectures of 47 on May 14, then another three including Osaka on May 21, and finally the five remaining prefectures including Tokyo and Hokkaido on May 25, being one week earlier than planned or one and a half months after the imposition on April 8. On Monday,


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