Japan: Nippon Steel to cut crude steel production capacity by 20%

In an attempt to boost efficiency and cut carbon emissions, Japan’s Nippon Steel is planning to reduce its crude steelmaking capacity by 20% to 40 mn t, SteelMint learned from the company’s press release. Overall, the steel major will reduce the blast furnaces it operates in Japan to 10 from 14 under its new five-year plan.