Japan's CR steel strip shipments up 2.7 percent in Feb from Jan

Monday, 17 April 2017 17:14:27 (GMT+3)   |   Istanbul
       

In February this year, Japan's cold rolled sheet and strip shipments increased by 2.7 percent compared to the previous month and were up by 6.2 percent on year-on-year basis, amounting to 495,000 metric tons. 53.3 percent of shipments were made to the domestic market, while the remaining 46.7 percent were made to the export markets, according to the Japan Iron and Steel Federation (JISF) data. 
 
Meanwhile, in the given month, Japan's CR sheet and strip inventories decreased by 0.6 percent from the previous month to 685,000 metric tons and were down 8.1 percent year on year. 75.9 percent of inventories were held by steel manufacturers, while 24.1 percent were held by steel traders.
 
In February, Japan's CR sheet and strip production amounted to 491,000 mt, down 2.8 percent month on month and increasing 0.8 percent year on year.

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