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08 Dec
10:32

Nippon Steel plans overseas capacity expansion

Due to future demand expectations, major Japanese steelmaker Nippon Steel plans to raise capacity at its overseas plants and cut capacity in Japan, Kallanish learns. "Our imminent task is to improve our overseas profits by capitalising on recovering global demand from automobiles,” Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters. “In the mid-term, we want to expand our production capacity overseas where demand is expected to …
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