Nippon Steel to halt third blast furnace as COVID-19 pandemic erodes demand
2020-04-22 08:06:38 [Print]
Nippon Steel Corp, Japan's biggest steelmaker, said on Tuesday it will temporarily shut a blast furnace in Kimitsu, in eastern Japan, in mid-May to cope with slumping demand amid the coronavirus pandemic. The shutdown follows its recent decision to halt two other blast furnaces.
Nippon Steel said earlier this month that it will temporarily suspend two blast furnaces in April, cutting about a tenth of its capacity, after a sharp drop in steel demand.
Nippon Steel said earlier this month that it will temporarily suspend two blast furnaces in April, cutting about a tenth of its capacity, after a sharp drop in steel demand.
