Bloomberg
Japan’s shipments of rolled-aluminum products Expand for Third Month
Edited by : AL CIRCLE
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Japan’s shipments of rolled-aluminum products expanded 1.4 percent in April, the third straight month of increase, as demand from automakers surged.
Supplies to domestic and export markets increased to 166,048 metric tons last month from 163,805 tons a year earlier, the Japan Aluminium Association said today. The pace of increase slowed from 1.7 percent in March.
“Shipments to the auto industry jumped as the government revived subsidy payments to buyers of fuel-efficient models, boosting car sales,” Takeki Murayama, secretary general of the association, said today in Tokyo. Sales to carmakers soared 48 percent to 23,519 tons, offsetting declines in shipments to makers of cans and electronics devices, according to the association.
Supplies to domestic and export markets increased to 166,048 metric tons last month from 163,805 tons a year earlier, the Japan Aluminium Association said today. The pace of increase slowed from 1.7 percent in March.
“Shipments to the auto industry jumped as the government revived subsidy payments to buyers of fuel-efficient models, boosting car sales,” Takeki Murayama, secretary general of the association, said today in Tokyo. Sales to carmakers soared 48 percent to 23,519 tons, offsetting declines in shipments to makers of cans and electronics devices, according to the association.
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