07
Apr
15:50
Nippon banks furnaces as coronavirus cuts demand
Japan’s Nippon Steel will bank two blast furnaces in response to the coronavirus-induced lack of demand, the steelmaker tells Kallanish. The move comes as demand shrinks faster than expected and Japan declares a state of emergency.
Nippon will bank the No. 1 blast furnace at the Kashima area of its East Nippon Works from the middle of April. The No. 1 blast furnace in the Wakayama area of its Kansai Works will be banked from late April. It will also adjust o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous