Japan's CR steel strip shipments down 0.2% in Nov from Oct

Tuesday, 17 January 2017 16:28:03 (GMT+3)   |   Istanbul
       

In November last year, Japan's cold rolled sheet and strip shipments decreased by 0.2 percent compared to the previous month and were up by 16.2 percent on year-on-year basis, amounting to 552,000 metric tons. 52.3 percent of shipments were made to the domestic market, while the remaining 47.7 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 5.8 percent from the previous month to 672,000 metric tons and were down 2.8 percent year on year. 73 percent of inventories were held by steel manufacturers, while 27 percent were held by steel traders.
 
In November, Japan's CR sheet and strip production amounted to 512,000 mt, down 2.3 percent month on month and increasing 6.2 percent year on year.

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