Nippon Steel Corporation decided to maintenance shutdowns in advance of a large branch of the hot strip mill, which has caused great concern in the market.
9 days of the Nippon Steel Corporation had planned to close the maintenance will be in October this year, it was decided in advance to August 29. The company said in advance to close the hot rolling mill is to avoid during the summer peak electricity supply shortage. Large branch Electric Power Company (an annual generating capacity of 510,000 kilowatts) is a joint venture of Nippon Steel Corporation and Kyushu Electric Power Company, each side holding 50% stake in its use of the plant blast furnace and coke oven gas power generation. Japan's electricity supply shortage in the summer peak period, Nippon Steel decided to close the hot strip mill in advance in order to reduce the electricity consumption from the power plants and more will be allocated to the Kyushu Electric Power Company.
Allegedly, a large branch of hot strip mill capacity of 50-60 million tons a month, during the shutdown period will not affect the user's normal delivery. At present, the factory has a two 5775 m3 blast furnace, in addition to the hot strip mill, but also has a set of plate rolling mill. January to May this year, the branch of crude steel per month for an average of 82 tons.
Nippon Steel to make the early closure of the explanation, but market participants are still questioned, and that this may be the Nippon Steel cut sheet production begins to respond to the automotive sector, steel demand reduction. Will end soon because the Japanese government subsidies on fuel-efficient vehicles, car production is bound to be affected, resulting in lower demand for steel.
Decline in the face of international market demand for steel mills in some countries and regions have begun to cut. Such as Chinese steel mills recently arranged a rolling production line shutdowns, China Steel Corporation has decided to cut 15 percent in September, and Europe ArcelorMittal and ThyssenKrupp Steel Corporation has decided to increase production intensity of.
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