08
May
14:58
Nippon Steel closes more capacity
Japan’s Nippon Steel has decided to reduce production further in response to the fall in demand due to the coronavirus. The move follows a number of closures and is expected to take its operating rate to around 60%, Kallanish notes.
The company notes in its annual financial filings (see separate article) that in the April-June quarter of 2009, in the midst of the financial crisis, it produced around 7.7 million tonnes of crude steel. This compared with over …
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Anonymous
Very good overview of the weekly steel market.
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