Roskill: Japanese steel industry is poised for a major downsizing in the years to come
Green Car Congress
MARCH 1, 2021
With these headwinds in mind, there is no doubt that the Japanese steel industry is poised for a major downsizing in the years to come, according to Roskill. Nippon Steel plans to suspend blast furnace operations at its Ibaraki Prefecture plant, near Tokyo, according to the Nikkei—the latest example of the group’s efforts to deal with overcapacity in Japan. With an earlier decision to halt three other blast furnaces, the steelmaker will cut its domestic capacity by 20%.