Bloomberg Businessweek
Aluminum shipments by Japan expand as auto demand improves
Edited by : AL CIRCLE
1 min read
Shipments of rolled-aluminum products by Japanese fabricators to domestic and overseas markets expanded 3.6 percent in September, the third straight month of increase, as demand from automakers recovered.
Volume rose to 164,532 metric tons last month from 158,835 tons a year earlier, the Japan Aluminium Association said in a report today. Demand from the auto industry expanded for the first time in 14 months as consumers rushed to buy vehicles before the government raises the sales tax to 8 percent next April from 5 percent, it said.
Members of the association include UACJ Corp., which was created through the merger of Furukawa-Sky Aluminum Corp. and Sumitomo Light Metal Industries Ltd., Japan’s largest and second-biggest aluminum mills.
Volume rose to 164,532 metric tons last month from 158,835 tons a year earlier, the Japan Aluminium Association said in a report today. Demand from the auto industry expanded for the first time in 14 months as consumers rushed to buy vehicles before the government raises the sales tax to 8 percent next April from 5 percent, it said.
Members of the association include UACJ Corp., which was created through the merger of Furukawa-Sky Aluminum Corp. and Sumitomo Light Metal Industries Ltd., Japan’s largest and second-biggest aluminum mills.
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