Japan steel industry group head worried about signs of slowing China economy

30 October 2018

The head of the Japanese steel industry group said on Monday that he is worried about signs of a slowing Chinese economy.

“The U.S.-China trade spat still has limited impact on Japanese steelmakers’ business, but we are concerned about signs of a weakening economy in China,” Japan Iron and Steel Federation Chairman Koji Kakigi told a news conference.

Kakigi, who is also president of JFE Steel, a unit of JFE Holdings, said that there are signs of slowing automobile production in China although demand for Japanese automobiles there remained solid.


Source: reuters.com