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.
Commodities
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)
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