je.st
news
Japan steelmakers may boost exports on weak home demand, adding to glut
2014-10-31 11:41:20| Steel - Topix.net
Japan's top steelmakers reported higher first-half earnings this week, but slowing demand and bloated stockpiles could push them to sell more overseas, adding to a global glut that has dragged Asian prices to five-year lows. Prime Minister Shinzo Abe's sales tax hike in April has hit economic growth and consumer spending harder than expected, hurting sales in two sectors important for steelmakers, automotive and construction.
Tags: to
home
japan
adding
Category:Materials