Crude steel production estimated at 95 mil. tons for FY 2002.TOKYO, Sept. 19 Kyodo Japan's crude steel production will likely total 95 million tons for fiscal 2002 beginning April 1, down 4 million tons from an estimated 99 million tons for fiscal 2001, the chairman of the Japan Iron and Steel Federation said Wednesday Wednesday: see week. . Akira Chihaya told a news conference that crude steel production may have to fall due to stagnating demand amid a prolonged pro·long tr.v. pro·longed, pro·long·ing, pro·longs 1. To lengthen in duration; protract. 2. To lengthen in extent. economic slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. . ''We have forecast a future economic growth by taking into account public works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. spending and private-sector capital investment,'' said Chihaya, who also serves as president of Nippon Steel Corp. He also said the production estimate for fiscal 2002 may have to be revised downward, depending on various business environments. ''Given severe export markets, we could face a tough time unless we accelerate the pace of inventory adjustments,'' he said. |
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