News: Kobe Steel Ltd (5406.T)


5406.T on Tokyo Stock Exchange

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Wed, May 29 2013

Japan's Kobe Steel to shut blast furnace in 2017/18

TOKYO, May 29 - Japanese Kobe Steel Ltd said on Wednesday it would shut a blast furnace and other upstream equipment at its Kobe Works plant in western Japan in the year starting April 2017 to turn around its loss-making iron and steel business.

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Kobe Steel mulls shutting blast furnace in western Japan -Nikkei

TOKYO, May 25 - Kobe Steel Ltd is considering shutting a blast furnace in Kobe, western Japan, to cut production capacity by 20 percent, the Nikkei business daily reported on Saturday, as it tries to turn around its loss-making iron and steel business.

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