ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Japan's JFE shuts blast furnace as outlook dims

Steel industry slashes capacity on trade war and Chinese competition

The closure of the blast furnace will reduce JFE's crude steel production capacity by 13%.

TOKYO -- JFE Steel will close a blast furnace at its eastern domestic hub as cooling demand and increased Chinese production force Japanese steelmakers to reassess their strategies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more