Tokyo Steel Expects Recovery Led by Abenomics from Second Half

Tokyo Steel Expects Recovery Led by Abenomics from Second Half

Tokyo Steel Manufacturing Co. via Bloomberg

A roll of hot steel is manufactured at a Tokyo Steel Manufacturing Co. facility. The steelmaker will see a recovery in the six months to April 31, 2014, aided by public spending and urban development projects, lifting its steel production by 22 percent to 1.1 million metric tons in the period, Managing Director Kiyoshi Imamura said.