Nippon Steel Denies News of Kashima BF Closure

Nippon Steel clarified that “Some media reported that East Nippon Works Kashima Area will stop operation of its blast furnace. However, this is not
Nippon Steel Denies News of Kashima BF Closure
Nippon Steel Kashima BFIHI

Nippon Steel clarified that “Some media reported that East Nippon Works Kashima Area will stop operation of its blast furnace. However, this is not based on our official announcement. We have been working on strengthening the competitiveness of our steelmaking business and will announce measures whenever they have been finalized and determined. What was reported by the media at this time is not what we have decided.”

Nikkei reported yesterday “Nippon Steel plans to freeze production at a blast furnace at its plant in Ibaraki Prefecture, near Tokyo, Nikkei has learned, the latest example of its efforts to deal with overcapacity in Japan. Along with other planned shutdowns, Nippon Steel's domestic production capacity will fall by about 20% when the Kashima furnace is shut.”

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