Announcement

Wednesday, October 20, 2010

Nippon Steel sees higher yen rate damaging Japan steel industry

JMB reported that Japanese dealers' H beam inventory decreased by 9.7% to 165,200 tonnes at member companies of Tokiwakai, which is group of distributors dealing Nippon Steel's products, at end of September from August 2010.

With the decreases for 3 months in a row, the stock decreased to

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