NSSMC sets streamlining of steel works

Mar 14, 2013 | 10:53 AM | Christopher Rivituso

Tags  Nippon Steel & Sumitomo Metal, NSSMC, production optimization, steel production, Kashima, Kimitsu, Nagoya, Wakayama Christopher Rivituso

LONDON — Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced production optimization plans at its Japanese plants to increase its competitiveness amid expectations of steady domestic demand.

The midterm management plan also comes as the company expects new steel works in China and Southeast Asia to go on-stream by 2015, the company said.

Rationalization at NSSMC will focus on blast furnaces as well as steelmaking and rolling equipment in fiscal years 2014-16, the company said.....

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