Japan's CR steel strip shipments down 6.4 percent in Jan from Dec .-Pumao steel

In January this year, Japan's chilly rolled sheet as well as strip deliveries reduced by 6.4 percent compared to the previous month and were up by 10.57 percent on year-on-year basis, totaling up to 440,088 statistics loads. 44.98 percent of shipments were made to the residential market, while the continuing to be 55.02 percent were made to the export markets, according to the Japan Iron and also Steel Federation (JISF) data.

At the same time, in the provided month, Japan's CR sheet as well as strip stocks enhanced by 2.12 percent contrasted to the previous month amounting to 849,496 metric tons and were up by 9.12 percent year on year. 74.36 percent of supplies were held by steel makers, while 25.64 percent were held by steel investors.

In January, Japan's CR sheet and also strip production totaled up to 457,776 mt, up 4.47 percent month on month and also 4.64 percent year on year.