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Friday, March 11, 2011

Japan’s domestic steel product orders up slightly in January over December

Friday, 11 March 2011 12:03:52 (GMT+2)

According to the data released by the Japan Iron and Steel Association, steel product orders, including specialty steels, booked by domestic steel consuming sectors in Japan in January this year amounted to 8.06 million metric tons, increasing slightly by 0.49 percent compared to December 2010 and up 8.7 percent year on year.

In January this year, ordinary steel product orders in Japan booked by the domestic construction sector decreased by five percent month on month to 587,559 metric tons - up 8.99 percent year on year, while steel product orders booked by the Japanese automotive sector, including specialty steel, reached 1.13 million metric tons, rising by 4.93 percent as compared to December last year and down 5.72 percent year on year. Japan's shipbuilding industry booked 427,559 metric tons of ordinary steel products in January, declining by 8.77 percent month on month and up 1.4 percent as compared to the same month of 2010.

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