Ferrosilicon Daily Express 2.7

  • Sunday, February 07, 2021
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon, futures, spot, steel
[Fellow]Nippon Steel today revised up its projected crude steel output to 33.2mn t for the April 2020-March 2021 fiscal year from an earlier forecast 32.7mn t.

[Ferro-Alloys.comJapanese steel mill Nippon Steel expects its crude steel output in this year's January-March quarter to recover above 10mn t for the first time since January-March 2020, supported by a stronger than expected recovery in manufacturing demand for steel products from Covid-19 lows.

Nippon Steel today revised up its projected crude steel output to 33.2mn t for the April 2020-March 2021 fiscal year from an earlier forecast 32.7mn t. The planned 2020-21 crude steel output is down by 16pc from the firm's 2019-20 output of 39.5mn t.

A strong recovery in steel demand has prompted Nippon Steel to resume three blast furnaces(BFs) since November last year. The company is still keeping two BFs at its Wakayama and Kure steel works shut ahead of their planned closure later this year and in 2022.

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  • [Editor:kangmingfei]

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