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Nippon Steel to bank another BF as demand slump bites

Nippon Steel, Japan’s largest integrated steel mill, plans to will bank another blast furnace as the company scrambles to adjust its operations to meet lower domestic and export steel demand from the spread of COVID-19 now worsening in Japan.
In an announcement Tuesday, Nippon Steel said it would bank the No.2 furnace in the Kimitsu section of its East Japan works from mid-May, taking to three the number of furnaces either banked already or earmarked for stopping because of slumping steel demand. Kimitsu, located in Chiba, east of Tokyo, hosts two blast furnaces, with

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