• Most Popular
  • Most Shared

UPDATE 1-Japan May copper cable shipments down 31.4 pct yr/yr

Tue Jun 23, 2009 11:48pm EDT

* May level lowest since February 1975

Japan

* Demand from construction industry lowest in 26 years

TOKYO, June 24 (Reuters) - Japanese copper wire and cable shipments amounted to an estimated 44,700 tonnes in May, down 31.4 percent from a year earlier and the lowest level since February 1975, an industry body said on Wednesday.

Shipments were down 14.7 percent from April, data provided by the Japanese Electric Wire and Cable Makers' Association showed.

Demand from the construction industry hit the lowest level in 26 years. Shipments fell 25.7 percent to an estimated 18,900 tonnes in May from a year earlier, the lowest level since May 1983, when shipments stood at 18,870 tonnes.

Demand for copper has fallen across all industrial sectors, including construction and automobiles, as Japan struggles to lift itself from its worst downturn in half a century.

The association's members account for about 60 percent of Japan's copper use. (Reporting by Miho Yoshikawa; Editing by Edwina Gibbs)



More from Reuters

No deaths, 40 injured in Jamaica airline crash

WASHINGTON (Reuters) - An American Airlines Boeing 737 overshot the runway while landing at the international airport in Kingston, Jamaica on Tuesday night, causing 40 injuries but no fatalities, a local newspaper reported.

Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article