TOKYO: Japan's crude steel output is expected to rise slightly in the financial year to March 2020, amid robust local demand and on recovery from a series of trouble last year, the head of Japan Iron and Steel Federation said on Tuesday.
The nation's crude steel output slipped 1.9 percent to 102.89 million tonnes in the year ended on March 31, posting a nine-year low, as a string of natural disasters and glitches at blast furnaces caused slower production.
"Crude steel output will likely grow back to 105-106 million tonnes this financial year," Japan Iron and Steel Federation Chairman Yoshihisa Kitano told a news conference, citing healthy demand from automobile and construction segments and higher output at some mills that have faced system trouble in the previous year.
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