Nippon Steel to further cut steel output on poor sales
May 11, 2020 15:00
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In response to steep decline in domestic steel demand, Nippon Steel, Japan’s largest integrated steel mill, announced on May 8 to bring forward the banking of another blast furnace and a furnace relining both to July from the originally-planned dates, which may cut off another 220,000 tonnes/month steel output.
Nippon Steel plans to bring forward the banking of its No.2 blast furnace with inner volume 2,150 cu m, the only one at Kokura area of its Kyushu Works in western Japan to the start of July when all the preparation works are completed from September, according to the announcement.