Japan's July ordinary carbon steel orders fall 3% on year to 5.52 mil mt

  • Thursday, September 20, 2018
  • Source:ferro-alloys.com

  • Keywords:Japan,carbon steel order, fall
[Fellow]Japan's July ordinary carbon steel orders fall 3% on year to 5.52 mil mt

[ferro-alloys.com]Ordinary carbon steel orders booked by Japanese mills fell 3.1% year on year to 5.52 million mt in July, posting the first decrease since March, and were down 2.3% from the month before, latest Japan Iron & Federation data showed.

A JISF official attributed the decline to heavy rain in western Japan in early July.

"Some mills had to halt production temporarily and distribution was also disrupted by flooding; mills had to adjust their volume of orders," he said, adding steel demand remained strong despite the fall in orders and the July data did not indicate a slowdown.

Orders for domestic supply totaled 3.57 million mt in July, down 2.9% on year and down 2.5% from June, the data showed.

Of this, orders from the construction sector fell 3.9% on year and were down 6.8% on month at 920,000 mt and from the manufacturing sector fell 7.2% on year and were down 2.3% from June at 1.52 million mt.

Export orders totaled 1.95 million mt, down 6.1% on year and edging up 0.8% from June.

A Tokyo-based trader said monthly export orders have mostly hovered below 2 million mt this year as mills prioritized domestic demand.

Orders for hot rolled coils fell 6.5% on year and were down 1.4% on month at 1.73 million mt in July, while for plate rose 15.9% on year and and were up 2.7% from June.

  • [Editor:王可]

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