TOKYO -- Japanese output of plastics building block ethylene and steel has dropped to the lowest levels in decades as domestic demand shrinks while overproduction in China weighs on prices.
Commodities
Japan steel, ethylene production fall to multidecade lows on China glut
Exports have lost steam even as domestic demand contracts
A steel mill in China. Steelmakers in Japan have made more progress on restructuring than the chemical industry has. (China Daily via Reuters)
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