TOKYO -- Nippon Steel plans to freeze production at a blast furnace at its plant in Ibaraki Prefecture, near Tokyo, Nikkei has learned, the latest example of its efforts to deal with overcapacity in Japan.
Commodities
Nippon Steel to slash 20% of domestic capacity
Overcapacity and government's carbon neutrality push put blast furnace on ice
As Nippon Steel consolidates its production plants, about 3,000 employees are likely to be relocated. (Source photos by Hirofumi Yamamoto and Kyodo)
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