Bloomberg reported that Japan Steel Works Ltd, a nuclear parts supplier for customers from Areva SA to Hitachi Ltd, is considering tie ups in Southeast Asia and India after the Fukushima disaster squeezed demand at home and in the US.
President Mr Ikuo Sato said “The company will have a tough time generating orders in the next two years. Forging ventures to make valves, tubes and other smaller parts involved in nuclear reactor construction will help open export markets for key products.”
He said “If we’re able to form such partnerships, it will be easier to enter such markets. It will be necessary for us to tie with companies that are seeking to improve their access to technology.
The company said on Nov 16 that orders for forged steel used in nuclear and thermal power plants would probably total JPY 30 billion in the year ending March 31, 43% lower than levels two years ago.
Emerging markets offer an opportunity for growth amid growing opposition to nuclear power in Japan and elsewhere after the Fukushima tsunami and earthquake prompted the shutdown of almost all Japan’s atomic stations.
Japan Steel operates the only plant in the world capable of producing the central part of a nuclear reactor’s containment vessel in a single piece, reducing the risk of a radiation leak.
S355J0 steel is a structural grade steel. S355J0 steel has reliable mechanical property, good formability and excellent welding performance, which is widely used in various industries, such as architecture, bridge construction, marine craft, railway locomotive,heavy machine and other structure parts.
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