Rising Asian output hits Japan's stainless

Sep 11, 2012 | 03:02 PM | Thorsten Schier

Tags  Japan stainless producers, Nisshin Steel, ferrochrome, nickel, Toshiyuki Kawashima, Thorsten Schier

NEW YORK — Japanese stainless steelmakers are facing tough market conditions due to rapidly rising production in other Asian nations, a top industry executive told AMM.

"It’s still feasible but very tough in stainless steel because of a lot of newcomers from China, Taiwan and (South) Korea have increased capacity," according to Toshiyuki Kawashima, president and chief executive officer of Rolling Meadows, Ill.-based Nisshin Steel USA LLC, a subsidiary of Tokyo-based Nisshin Steel Co. Ltd.....

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