Signs of recovery

On May 27 and 28, Japan welcomed world leaders to the G7 Ise-Shima Summit Meeting. In a 32- page Leaders' Declaration document, made public on the closing day of the event, the word 'steel' appeared three times not as an engine for global economic growth, but as a symbol of industrial...

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Bibliographic Details
Published inSteel times international Vol. 40; no. 6; p. 16
Main Author Iwase, Nobuhisa
Format Journal Article
LanguageEnglish
Published Redhill Quartz Business Media Ltd 01.09.2016
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Summary:On May 27 and 28, Japan welcomed world leaders to the G7 Ise-Shima Summit Meeting. In a 32- page Leaders' Declaration document, made public on the closing day of the event, the word 'steel' appeared three times not as an engine for global economic growth, but as a symbol of industrial products suffering from global excess capacity. Countries such as the USA and EU have started to investigate or impose anti-dumping duties and/or safeguard measures for increasing imported steel products from export-oriented countries such as China. Japan is no exception, but there are some signs of recovery in the Asian steel market despite successive announcements by major Japanese corporations highlighting poor financial performances earlier in 2016.
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ISSN:0143-7798