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METI: Japan’s Jul-Sept steel demand to rise 1.2% QoQ


Japanese demand for carbon and special steel in crude steel equivalent for both domestic sales and export will rise 1.2% on quarter to 24.69 million tonnes during the present July-September period, according to the latest forecast released by Japan’s Ministry of Economy, Trade and Industry (METI) on July 13. This would make for the fifth consecutive quarter-on-quarter rise but more significant is the fact on a finished steel basis, METI puts growth far higher at 7.2%, Mysteel Global notes.
The demand growth in terms of “crude steel equivalent”, according to the ministry’s forecast, is 30.1% higher on year, though this is mainly because of the low base in July-September 2020 when the country’s economic activities were restricted by the COVID-19 onslaught. But comparing with the pre-COVID performance in July-September


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