Jaway Stainless Steel

YoY in 2011 crude stainless steel output down by 1.9pct in Japanese

    Crude stainless steel bar output in 2011 by the major seven SUS mills was 3.584 million tonnes, down by 1.9% YoY from 3.650 million tonnes of 2010.

    This tendency is very likely to continue as long as the Japanese currency keeps the high level against US dollars. output of 2011 dropped just a little, by 1.9% from 2010, but such a small year on year drop was basically thanks to the comparatively high output during the first half of 2011. In November 2011, the monthly output sharply dropped, but it slightly recovered to 270,979 tonnes in December 2011, up by 3.8% from November 2011.

    As said above, Serious influence of strong yen was obvious over the export business of SUS products, and the mills were compelled to curtail output due to much less incoming orders. The reality is that the output was stagnated in the second half and the mills were forced to enter full scale curtailment from November 2011 .