Nippon steel mulls halting another blast furnace in western Japan

Japan’s largest steelmaker Nippon Steel Corp. is considering halting one of the two blast furnaces at its Wakayama plant in western Japan in several years’ time to accelerate its output cutback amid deteriorating market conditions, sources close to the matter said Friday.The review comes as company is already mulling cutting slightly less than 10 percent of its output capacity by halting two blast furnaces at its Kure Works in Hiroshima Prefecture.Nippon Steel, which currently operates 13 blast furnaces in Japan to produce crude steel, has been reviewing its plant operations across the country…

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