today nationwide local businesses offer summary
steel futures weekly / monthly analysis report
Japanese steel manufacturers expected to be subjected to reconstruction of the earthquake and tsunami-hit regions in steel demand will increase after the summer.
However, steel manufacturers in Japan later this month must also announce how the industry plans to save power. The earthquake destroyed many power plants, including the first nuclear power plant of Tokyo Electric Power Company's Fukushima, Japan's tight supply of electricity.
Although the Japanese earthquake and tsunami to the steel industry, emergency needs, mainly for the construction of temporary refuge staff housing, but this demand is not large.
media reports, Lin Tian Ying, president of the Japan Iron and Steel Union governance in the media conference on Tuesday said that this fiscal yearWorld Steel Pipe , Japan's steel demand is likely to decline, mainly because after the earthquake and tsunami of steel big car manufacturers such as cut production due to
Recommended Reading:
He said that earthquake have serious repercussions for Japanese manufacturing enterprises, even if the reconstruction needs, Japan's domestic steel demand is likely to decline.
after the quake, the Japanese steel industry is still not given the latest steel production forecast data. In December, the Japan Iron and Steel Federation said that the Japanese steel mills in the fiscal year ended March 2011, steel production will reach 110 million tons, with the 2010 level was essentially flat.
March 11 in Japan in the devastating earthquake of 9World Steel Pipe , after the tsunami prompted the Japanese auto makers and electronics companies to close the plant, leading to iron and steel sales of these customers to postpone. According to data released by the Japan Automobile Dealers Association, Japan's March auto sales were down 37 percent.