Tag: Production Cut
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How FY20 proved to be a Bad Year for Japan’s Nippon Steel due to Unintended Plant Stoppages?
While the global steel industry is suffering due to softening demand and elevated input prices, Japan’s largest integrated steel maker, Nippon Steel is dealing with the additional impact of production loss due to plant shutdowns during the fiscal year 2019-20 (Apr’19-Mar’20). The company has confirmed that it expects to lose about 400,000 tonne of…