(MENAFN- Qatar News Agency) Japan's crude steel output in fiscal 2011 was at the third lowest level in 10 years.
The Japan Iron and Steel Federation says production in fiscal 2011, which ended on March 31st, was 106 million tons, a drop of 3.9% from the figure for the previous year, according to Japan's (NHK WORLD) website.
The March 11th earthquake and tsunami caused demand for automobiles and home appliances to drop.
Declining exports due to the record high value of the yen and flooding in Thailand did not help the industry, either.
The federation says the business environment remains difficult and production in fiscal 2012 may not reach the 2011 level.
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