Posted on 17 Nov 2011
Nippon Steel Corp said on Wednesday it plans a further 250,000 tonne cut in crude steel production in the October-March second half of this financial year to cope with a decline in demand following the flooding in Thailand and uncertainties in the market.
Nippon Steel will move forward planned maintenance work on a blast furnace at a plant near Tokyo by about a month and halt the plant's operation in early December, a company spokesman said.
The company said in October it would cut its crude steel output in October-March by 800,000 tonnes from the same period a year earlier to 15.50 million tonnes.
It now plans second-half output of 15.25 million tonnes.
