Japan Steel Order Drops by 43.1% in February

  • Wednesday, March 11, 2009
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Japanese steel makers' order receipt decreased by 43.1% to 3.879 million tonnes in January from a year earlier, which decreased for 6 consecutive months, announced by Japan Iron and Steel Federation on Tuesday. The order fell to below 4 million tonnes for the first time since February 1969. The minus range was record wide.
 
The order decreased by 48.2% to 1.095 million tonnes for export in February from a year earlier. The order from domestic buyers decreased to by 40.3% to 2.774 million tonnes, among which the order decreased by 45.9% to 1.284 million tonnes from manufacturers. –Japan Metal Bulletin
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