Japan steelmakers to raise steel material output amid tight supply

ADVFN News Service: “TOKYO (AFX) – Major steelmakers are scrambling to boost their production of

steel materials in response to growing demand, with Nippon Steel Corp, Japan’s

largest steel maker, planning a 40 bln yen investment to retool its facilities

and JFE Steel Corp scrapping its plan to suspend operations at a steel sheet

assembly line, the Nihon Keizai Shimbun reported, without citing sources.”

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