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Japan's steel exports showed recovery signs

According to the Nihon Keizai Shimbun reported, Asian demand market pick up the increased demand for steel in Japan, after the floods in Thailand, with the expansion of the factory repair work, the demand from Thailand continued to increase, as the iron and steel enterprises in China and South Korea cut steel, the Asia steel prices began to rise. The representative hot-rolled steel prices rise 50 U.S. dollars to 700 U.S. dollars / ton. Tokyo Steel Corporation recently signed a 10-million tons of export contracts, including hot-rolled steel for a variety of purposes such as building materials, as well as H-beam. Nippon Steel's crude steel production in the first quarter of this year to determine approximately 7.3 million tons, but is expected to yield up to 7.4 million tons due to higher prices and increased export demand.

    At the same time, the recent yen continuing weakness against to U.S. dollar. $ 1 exchange fell to around 83 yen also boost steel exports to Japan, expected future order quantity will be increased.


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