Stainless Steel Mills increase in Japan

TEX reported that blast furnace mills in Japan have deepened the tendency to increase their production of chrome based stainless steel but, owing to a considerable reduction in production of stainless steel implemented by these mills in the first quarter of 2009, the ratio of chrome based stainless steel products produced by seven blast furnace mills had fallen to 58.5%, having broken the level of 60%. Also, the ratio of chrome based stainless steel products produced by specialized stainless steel companies in the first quarter of 2009 had come down to 37%, having fallen in the same case as that of blast furnace mills. This reduction in production of stainless steel was influenced by the substantial decreases in manufacturing of automobile and its related parts, and the reality, which a 41% of the demand for stainless steel products has relayed on that from automobile industry, has come up to the surface. The quantities of stainless steel products produced in Japan for January to March quarter of 2009 were chrome based stainless steel products: 137,963 tonnes, nickel based stainless steel products: 234,760 tonnes and total: 372,723 tonnes. In comparison with the quantities of stainless steel products produced in Japan for the same quarter of 2008, which were chrome based products: 374,276 tonnes, nickel based products: 482,824 tonnes and total: 857,100 tonnes, those produced for January to March quarter of 2009 had a considerable decrease of 56.5% on the average and, particularly, the output of chrome based stainless steel products in this quarter had a decline of 63.1%.

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