Market: Nippon Steel may suspend a BF at Kashima works
Feb 19, 2021 15:00
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Japan’s largest integrated mill – Nippon Steel – denied a news report by Nihon Keizai Shimbun (Nikkei), Japan’s business daily, that it has decided to suspend a blast furnace at its Kashima Area of East Nippon Works near Tokyo for a few years, though the domestic steel market sources see the likelihood.
Steel clarified on Friday morning that the report the Japanese media on the late
afternoon of February 18 was not based on any official announcements nor a
decision already made, and it reiterated that the company has been working on enhancing
its competitiveness in steel business, and it will be publicizing any measures