March 2011 | Coated Steels
Markets uncertain following events in Japan: Asian Market Highlights
Trouble at power plants has caused widespread power conservation that may reach beyond the affected zone for a longer time.
At this time, the fallout from the Japanese earthquake and tsunami is still being examined. MBR has been told that about a quarter, 30.5m tpy, of Japan’s total crude steel capacity was affected by the disasters. Moreover, trouble at power plants has caused widespread power conservation that may reach beyond the affected zone for a longer time. Of the 30.5m tonnes of capacity affected, about 29m tonnes represents sheet-producing operations. Sumitomo’s Kashima steel works with 9m tpy of crude steel capacity, suffered serious damages and operations are suspended indefinitely. Nippon Steel’s Kimitsu and JFE Steel’s East Japan Steel Works reported minor damage, if any, but are not operating due to power restrictions. We understand that mills in the greater Tokyo area are operating at reduced levels due to power restrictions. ...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe