29
Jul
08:29
Nippon Steel idles sixth blast furnace
Nippon Steel has halted the No.2 blast furnace at its Kyushu plant in south-eastern Japan. The unit has a 1.5 million tonnes/year capacity, Kallanish notes.
In total, Nippon Steel has now idled six of its 15 blast furnaces, or about 32% of the inner volume of all BFs. Japan’s largest steelmaker has repeatedly announced plans to reduce overall steel output in response to the sharp drop in demand for steel products this year. The list of idled furnac…
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Anonymous
Very good overview of the weekly steel market.
Anonymous