09
Dec
11:53
Nippon Steel considers closing more furnaces
Japan’s Nippon Steel is considering shuttering more blast furnaces to cut costs, according to reports. Japan has been struggling with a demand slowdown and competitive export markets, Kallanish notes.
The steelmaker is already undergoing a restructuring as it absorbs those units it has acquired through mergers and seeks to streamline its steelmaking activities. Is has 15 blast furnaces, of which it plans to shut down two by March 2024. It may draw up …
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Anonymous
Very good overview of the weekly steel market.
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