Roskill: Japanese steel industry is poised for a major downsizing in the years to come
Green Car Congress
MARCH 1, 2021
Nippon Steel plans to suspend blast furnace operations at its Ibaraki Prefecture plant, near Tokyo, according to the Nikkei—the latest example of the group’s efforts to deal with overcapacity in Japan. In 2019, Japan’s crude steel production was 99Mt falling to 83Mt in 2020, implying a 64% capacity utilization.
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