Nippon Steel Corp. Japan's biggest steelmaker, said last Friday it will spend 49 billion yen (S450 million) to renovate its No.3 blast furnace at Nagova Works in central Japan in 2022 to boost stability and productivity.The steelmaker also said it would step up plans to shrink its assets to help improve its financial health.targeting 500 billion ven in the three vears throuah March 2021, up from 400 billion yen earlier.Nagova Works is one of Nippon Steel's key production hases for automotive steel sheets and the 4 425 cubic meter blast furnace. built in 1969, was last uparaded in 2000, the company said.The furnace will be idled for about 3-4 months during the April-September period in 2022. a company spokeswoman said. The expenditure will be included in the company's 1.5 trillion ven spendina plan for the three vears through March 2021.Facing a collapse in demand from the COVID-19 pandemic. the company has previously announced the temporary shutdown of five of its 15 blast furnaces by July. Includina earlier measures. the shutdowns will reduce capacity by about 30%.The decision to renovate the Nagoya furnace was aimed at strengthening competitiveness at the key facility rather than trimming qutout the spokeswoman said.
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.