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Japan Crude SUS January 2012 Production By Mill Up
= Up by 4.0% from January; monthly increase of two months in a row from the curtailment started in November =
Crude stainless steel production in January 2012 by the 7 major Japanese stainless steel mills was 281,770 tons, up 4.0% from 270,979 tons recorded in December 2011. This is another monthly increase following December when the output rebounded from the drop in November due to the curtailment.

Normally this time of the year, just before the fiscal year-end, is a period of low consumption of steel based on weak demand, but this year seems an exceptional one and the stainless steel industry expect a little stronger demand from automobile sectors, because automobile production is forecasted to increase from the first calendar quarter (Janury - March) through to the second quarter (April - June) as the demand for automobiles are to be stimulated by the special incentives for the ecology-conscious cars and by the long-anticipated full-scale restoration work in the East Japan seriously damaged by the Earthquakes.

In January, Yen appreciated further compelling the exports of stainless steel products to drop by 13.7% from December. This means that the uptrend of demand from domestic sectors was evident.
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last modified : Mon 02 Apr, 2012 [13:48]
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