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Japanese Crude Steel Output To Total 29.54M Tons In Oct-Dec 06: METI
Japanese crude steel production is estimated to total 29,540,000 tons in October-December 2006 or the third quarter of fiscal 2006 (April 2006-March 2007), up 5.8% or 1,630,000 tons from the level of October-December 2005 (up 1.1% or 330,000 tons from the level of July-September 2006), according to the demand survey by Japan's Ministry of Economy, Trade & Industry (METI).

The following are what METI describes as the prospects of Japan's steel demand and exports in October-December 2006.

<>Demand for ordinary steel products
Demand is estimated to total 21,990,000 tons, up 6.9% or 1,420,000 tons from a year ago (up 1.6% or 350,000 tons from a quarter ago). Of the estimated demand, domestic demand accounts for 16,580,000 tons, up 1.2% or 190,000 tons from a year ago (up 2.0% or 320,000 tons from a quarter ago).

<>Demand for specialty steel products
Demand is estimated to total 5,260,000 tons, up 4.5% or 210,000 tons from a year ago (up 1.5% or 80,000 tons from a quarter ago). Of the estimated demand, domestic demand accounts for 3,700,000 tons, down 1.6% or 60,000 tons from a year ago (up 1.1% or 40,000 tons from a quarter ago).

<>Ordinary steel exports
Japanese exports are estimated to total 5,410,000 tons, up 29.4% or 1,230,000 tons from a year ago (up 0.6% from a quarter ago).
As METI sees it, Japanese steelmakers need to take a prudent export policy each after due consideration of actual demand for what they export. METI points out apprehension that diverted steel imports away from the USA may flow into Asia in the wake of a weak US market, thereby slackening supply-demand conditions in Asian steel markets.
last modified : Thu 05 Oct, 2006 [11:49]
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