Author: Lalita

  • Japan’s Nippon Steel to Cut 10% of its Crude Steel Capacity

    Japan’s Nippon Steel to Cut 10% of its Crude Steel Capacity

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    Nippon Steel Corporation is considering to close both blast furnaces at Kure works within few years and may shut down the entire steelworks in face of rising output in China, a Japanese business daily reported. The company is set to cut about 10% of its crude steel production capacity in the coming years. The parent…