AIRLINK 191.00 Decreased By ▼ -5.65 (-2.87%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.75 Increased By ▲ 0.06 (0.9%)
FCCL 34.35 Increased By ▲ 1.33 (4.03%)
FFL 17.42 Increased By ▲ 0.77 (4.62%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 126.30 Decreased By ▼ -0.99 (-0.78%)
HUMNL 13.80 Decreased By ▼ -0.10 (-0.72%)
KEL 4.75 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.55 Increased By ▲ 0.18 (2.83%)
MLCF 43.35 Increased By ▲ 1.13 (2.68%)
OGDC 226.45 Increased By ▲ 13.42 (6.3%)
PACE 7.35 Increased By ▲ 0.34 (4.85%)
PAEL 41.96 Increased By ▲ 1.09 (2.67%)
PIAHCLA 17.24 Increased By ▲ 0.42 (2.5%)
PIBTL 8.45 Increased By ▲ 0.16 (1.93%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 194.30 Increased By ▲ 10.73 (5.85%)
PRL 37.50 Decreased By ▼ -0.77 (-2.01%)
PTC 24.05 Decreased By ▼ -0.02 (-0.08%)
SEARL 94.97 Decreased By ▼ -0.14 (-0.15%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 40.00 Decreased By ▼ -0.31 (-0.77%)
SYM 17.80 Decreased By ▼ -0.41 (-2.25%)
TELE 8.72 Decreased By ▼ -0.01 (-0.11%)
TPLP 12.46 Increased By ▲ 0.25 (2.05%)
TRG 62.74 Decreased By ▼ -1.62 (-2.52%)
WAVESAPP 10.35 Decreased By ▼ -0.09 (-0.86%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

TOKYO: japan_steel_400Japan's crude steel output in 2010 jumped 25 percent to nearly 110 million tonnes, the biggest rise in 43 years, as robust exports to Asia offset weak demand in Japan, an industry body said on Thursday.

Crude steel output stayed at a high level in December buoyed by steady exports to Asia, although October-December output slightly fell short of the government's forecast due mainly to blast furnace trouble at Sumitomo Metal Industries Ltd and flagging car sales in Japan following an end to government subsidies.

"A solid recovery in output is continuing thanks to strong exports," a spokesman at the Japan Iron and Steel Federation said.

Crude steel output in December totalled 9.17 million tonnes, up 2.5 percent from a year earlier for a 14th consecutive year-to-year rise, the industry body said.

From the previous month, December output rose 2.1 percent due in part to an extra day compared with November, the industry body said. The figure is not seasonally adjusted.

October-December output came to 27.67 million tonnes, falling short of the trade ministry's forecast by 114,000 tonnes.

Japan's trade ministry warned last month that the level of domestic inventories was too high, and forecast that output in the January-March quarter will likely shrink to 26.88 million tonnes because companies are keen to cut inventories.

Domestic steel inventories in November decreased 233,000 tonnes to 4.996 million tonnes, falling below 5 million tonnes for the first time in four months, the Iron and Steel Federation said last month.

Copyright Reuters, 2011

?

Comments

Comments are closed.