ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nippon Steel to close fourth blast furnace in fight against China glut

Latest cut by world's No. 3 producer targets capacity only 11 years old

Steel is cut at Nippon Steel's Kimitsu works near Tokyo. The company is moving to deactivate another blast furnace in Japan. (Phoyo by Kotaro Igarashi)

TOKYO -- Nippon Steel plans to shut down another blast furnace beyond the three already slated to close, its latest effort to cut overcapacity in Japan caused in part by growing output in China, Nikkei has learned.

The world's third-largest steelmaker by output intends to halt one of the two blast furnaces at its Wakayama Prefecture works in western Japan within a few years. This would reduce the Nippon Steel group's domestic crude steel output capacity by about 5% from 54 million tons.

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