• Kyodo News


JFE Steel Corp. said Thursday it will temporarily shut down one of its blast furnaces in Kurashiki, Okayama Prefecture, from mid-January to combat a sharp slowdown in steel demand from automakers.

JFE will become the first major Japanese steelmaker to take the rare move of closing down a blast furnace as a result of the fallout from the worldwide financial crisis. Other steelmakers have tried to control production levels through slowing down their operations.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.