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Japanese general steel orders dropped sharply

According to Japan Iron and Steel Federation’s report, sales volumes of general steel product of Japan in October decreased to 5,978,000 tons by 15 percent compared to September.
Except steel products for shipbuilding, the sales volumes of most of the steel products had declined sharply in October. The sales volumes of steel products for construction and automotive dropped by about 16 and 9 percent respectively.
The steel sales volumes in Japan have declined for three months successively due to sluggish economy. Source:Yieh.com
Dec 16, 2008 13:27
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