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Japan Jul crude steel output up 33% YoY, down 1.3% MoM

ABSTRACT

In July, Japan’s crude steel output including carbon and special steel rose by 32.5% on year to about 8 million tonnes, or the fifth consecutive month with an on-year rise, though it was 1.3% lower than in June, according to the latest data released by the Japan Iron & Steel Federation (JISF) on August 23.
The on-year surge was mainly due to the low base a year ago as well as integrated mills’ ramping up their output almost to their full capacities on robust domestic demand, according to a JISF official, adding that the on-month decline was expected with the summer shut-downs among the electric-arc-furnace (EAF) mills. “Higher output by

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