Japan's biggest steelmaker Nippon Steel Corp last Friday halved its business loss forecast for the year to March 31 and raised its annual crude steel outout plan. helped by strona recovery in steel demand from automakers.The world's No.3 steelmaker now expects a business loss of 60 billion ven (5580 million) for this year, down from its August estimate of 120 billion venDemand from automakers is in a steady recovery from the COVD-19 crisis althouoh an appetite for capital expenditure by smaller companies has receded." Nippon Steel Executive Vice President Katsuhiro MivamotosaidThe company also raised its annual crude steel output forecast to 32.7 million tonnes on a parent basis from31.8 million tonnes, as a blast furnace in Kimitsu, eastern Japan would resume, as would another in Muroran in northern Japart, later this monthTo cope with collapsing demand amid the pandemic, Nippon Steel temporarily shut several blast furnaces earlier this year, reducing capacity by 30%, but the planned resumption will trim the capacity cut to 20%.Miyamoto said.The steelmaker plans to sequentially resume other blast furnaces as demand picks up further. he saic pointina to inventories of hot-rolled cold-rolled and surface-treated steel sheets at their 10-vear lowsAs part of its restructuring, it will hasten the planned closure of production lines for heavy plate in Nagova in central Japan by one vear while spendina 35 billion ven in its Hirohata plant western Japan, to reinforce its electrical steel production.
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.