Japan's electric steelmaker Shinkansai Steel Corp intends to concentrate crude steel production from its Hoshida works in Osaka Prefecture into its Sakai works there from April 1 by shutting down the steelmaking process of the Hoshida works at the end of March. With the concentration of steelmaking operations, the company aims to reinforce its cost competitiveness. |
Rolling operations of the Hoshida works are supposed to continue from April onward. As a result, the company is expected to stop purchasing local ferrous scrap at the Hoshida works by the end of March.
The Sakai works accounted for 158,000 tons, up 6.7% from a year ago, and the Hoshida works 173,000 tons, up 11.2% in Shinkansai Steel's total crude steel production in calendar 2014. The Sakai works is located in Sakai City, and the Hoshida works in Katano City.