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Supply And Demand Of Main Ferro-Alloys In Japan In Jan. - Mar. 2010
= Consumption Was Considerably Improved From That In Q1 / 09 But Still Unable To Reach Scale In 2008
The actual quantities of main 8 ferro-alloys supplied and consumed in Japan in the first quarter (January - March) of 2010 were traced and the contents were as per the tables (1) and (2) shown below. The output of crude steel in Japan for January - March quarter of 2010 was 26.51 million tons, which recovered by approximately 50% compared to that (17.596 million tons) in the same quarter of 2009 but still lowered by 14% compared with a scale of the output (30.835 million tons) in the same quarter of 2008.

In comparison with the situation as seen in January - March quarter of 2009, when an aftereffect of the Lehman shock emerged in September of 2008 had still survived, the steel market in the first quarter of 2010 had revived but recovered to only 86% of the scale in the same quarter of 2008, when the steel industry in Japan had enjoyed a favorable tone.

Following this tide on production of crude steel, the domestic consumption of ferro-alloys in Japan in January - March quarter of 2010 recovered but was still unable to exceed the actual consumption in the same quarter of 2008. When the actual quantities of main ferro-alloys consumed in Japan in January - March quarter of 2010 are compared with those in the same quarter of 2008, <> high carbon ferro-manganese : recovered by 91.5%, <> silico-manganese : by 75.2%, <> high carbon ferro-chrome : by 85.2% and <> ferro-silicon : by 89.0%.

The reason, why a recovery in consumption of silico-manganese was still depressed, was due to the fact that the operations at electric furnace mills delayed to revive in comparison with those at blast furnace mills. This aspect was influenced by the production of crude steel, which becomes active in accordance with favorable exports of steel products, and a sluggish recovery in production of crude steel at electric furnace mills, which consume more silico-manganese, had come up to the consumption of this ferro-alloy.

The supply of silico-manganese in Japan relies mainly on imports and, as a matter of fact, Japan imported 53,512 tons of silico-manganese in January - March quarter of 2010, having had a considerable increase of 70.8% compared to that (31,336 tons) in the same quarter of 2009 but still decreased by 23,000 tons compared with that (76,763 tons) imported in the same quarter of 2008.

Reflecting a recovery in production of stainless steel, Japan consumed 182,045 tons of high carbon ferro-chrome in January - March quarter of 2010, which had a substantial increase of more than 2 times compared with that (82,874 tons) in the same quarter of 2009, but the imports of high carbon ferro-chrome by Japan in the first quarter of 2010 had a small increase of 4.8% from that in the same quarter of 2009 and still continued to restrict the imports. In consequence of that stainless steel companies in Japan had once suffered from their excessive stocks of high carbon ferro-chrome, the difficulties to enlarge a scale of this ferro-alloy to be imported into Japan had still shown to exist. However, stainless steel mills are progressing to reduce their stocks of high carbon ferro-chrome and it is anticipated that these stocks will be put in an orbit to normalize from summer of 2010.
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last modified : Mon 14 Jun, 2010 [11:37]
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