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Japan crude steel output projected at 28420000 tonnes in Jul-Sep

According to an August 1 announcement by the Ministry of Economy, Trade & Industry, Japan’s steel companies plan to produce a total of 28,420,000 tonnes of crude steel in July to September 2014 or in the Q2 of fiscal 2014 (April 2014 to March 2015), up 2.8% from an expected 27,660,000 tonnes of total production in the quarter before.

The planned production volume of crude steel is higher by 1.6% than METI’s demand estimate of 27,960,000 tonnes for July to September 2014. Also, the planned production volume indicates an increase of 2.5% on a definite 27,740,000 tonnes of total production in July to September 203.

The following are the steel companies’ production plans for the second quarter of fiscal 2014. Total production is projected at 19,490,000 tonbes up 4.5% from an expected 18,650,000 tonnes of total production in the quarter before and up 3.7% from a definite 18,800,000 tonnes of total production in the Q2 of fiscal 2013.

Of the projected total, the first 12,510,000 tonnes of products are intended for domestic shipments, up 1.9% from an expected 12,280,000 tonnes of total production in the quarter before and up 3.9% from a definite 12,040,000 tonnes of total production in the Q2 of fiscal 2013. The remaining 6,980,000 tonnes of products are meant for export sales, up 8.2% from an expected 6,450,000 tonnes of total production in the quarter before and up 3.2% from a definite 6,760,000 tonnes of total production in the Q2 of fiscal 2013.

H-beams, small bars;
Total production of H-beams is projected at 980,000 tonnesup 2.2% from an expected 960,000 tonnes of total production in the quarter before and down 7.4% from a definite 1,060,000 tonnes of total production in the Q2 of fiscal 2013. Total production of small bars is projected at 2,400,000 tonnes up 1.7% from an expected 2,360,000 tonnes of total production in the quarter before and up 5.5% from a definite 2,270,000 tonnes of total production in the Q2 of fiscal 2013.

Total production is projected at 5,200,000 tonnes up 3.1% from an expected 5,040,000 tonnes of total production in the quarter before and up 1.5% from a definite 5,120,000 tonnes of total production in the Q2 of fiscal 2013. Of the projected total, the first 3,240,000 tonnes of products are intended for domestic shipments, up 0.3% from an expected 3,230,000 tonnes of total production in the quarter before and down 3.9% from a definite 3,370,000 tonnes of total production in the Q2 of fiscal 2013.

The remaining 1,950,000 tonnes of products are meant for export sales, up 8.1% from an expected 1,810,000 tonnes of total production in the quarter before and up 11.7% from a definite 1,750,000 tonnes of total production in the Q2 of fiscal 2013.

Source – The TEX Report

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