Japan continues to cut material SS400 etc. steel production capacity

According to Nippon Steel, Japan's largest steel manufacturer, Japan's domestic material SS400 etc. steel demand continues to decline and it will soon be difficult to maintain its current business model, that is, to support production capacity by increasing exports.

The increasingly fierce competition in foreign markets and the high cost modernization of Japanese steel mills require Japan to adopt a new model. Therefore, Japanese iron and steel enterprises plan to improve material SS400 etc. product quality and logistics level by optimizing production base, while reducing production costs, so as to maintain competitiveness.