TOKYO (Scrap Monster): Japan’s crude steel output hit 9 million tonnes in May experiencing a rebound from the previous month as steelmakers stepped up production in anticipation of a quick recovery in the car sector.
Meanwhile, Japan's crude steel output in May totaled 9.05 million tonnes, down 7 percent from a year earlier, the Japan Iron and Steel Federation said, marking a third straight month of year-on-year declines.
Compared with April, output jumped a seasonally unadjusted 7.3 percent as Sumitomo Metal Industries Ltd's 8.3 million tonnes Kashima works, which was the closest of Japan's mills to the magnitude 9.0 quake's epicentre, came back on line. read more on this
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