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[Ferro-Alloys.com] Reportedly, the three steel giants in Japan including Nippon Steel & Sumikin Stainless (NSSC), JFE Steel and Kobe Steel have all cut the forecast for the crude steel output for the second half of the current fiscal year.

It’s learned that JEF Steel predicted that its crude steel in the second half of this year would decrease by 2%~3% from the first half of this fiscal year to 14 million tons.

Meanwhile, Kobe Steel forecasted that its crude steel output would remain flat at 3.5 million tons in the second half of this fiscal year; however, as the company’s crude steel production decreased by 3% in the first half of this fiscal year due to a breakdown of the machinery.

NSSC is still making its production plan for the second half of this fiscal year; however, its October production has decreased by 2%~3% from a year ago.

The Japanese steelmakers have sought to cut production or increase exports of pig iron or semi-finished steel products to fight against the weak domestic market caused by slowdown in economy and the Japanese automobile industry’s production cut.

• [Editor:editor]