On the other hand, in September, Japan's iron and steel production index decreased 0.9 percent year-on-year, while Japan's seasonally adjusted iron and steel production index decreased 0.9 percent year-on-year. The production index increased by 0.4 percent in this month compared to August. Meanwhile, in September, shipments of iron and steel by Japanese manufacturers decreased by 4.8 percent, while iron and steel stocks decreased by 1.2 percent compared to the previous month.
Japan's industrial production is expected to grow by 1.9 percent in October and decline by 0.9 percent in November, both month-on-month, according to a study by the Ministry of Manufacturing Forecasting. Meanwhile, Japan's iron and steel production is expected to decline 0.5 percent in October and grow 3.6 percent in November from the previous month.
