Nakayama Steel to close loss-making plate mill
May 15, 2012 | 04:35 AM
Japan's Nakayama Steel Works will shut its 240,000 tpy plate mill this year, underlining the challenge facing Japanese plate producers facing a supply glut and falling demand in Asia.
“We will shut down production in the first half of the fiscal year 2012 beginning April,” the Osaka-based company said.
The company cited several reasons for its....
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