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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%.
AZUSA KAWAKAMI and TSUKASA MORIKUNI, Nikkei staff writers | Japan

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.

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