|  | 07/02/2009 |
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JFE Steel to Reduce Dealers' Plate Stock Level by Production Cut
JFE Steel keeps plate steel production cut for distributors, construction machinery and industrial machinery to reduce the overstock. The firm keeps reducing the production at less than the actual demand level in July-September when the firm expects the demand keeps slow. The firm tries to improve the supply balance expecting completion of inventory adjustment by end of September. The firm expects the inventory at customers of shearing processors and distributors will decrease from current near 3 months of shipment to around 1.5 months.
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 | JFE Steel to Reduce Dealers' Plate Stock Level by Production Cut
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