Jun. 03, 2022
Nippon Steel Corporation
The global steel demand is expected to go on an extended, long-term upward trend, due
to economies recovering from the pandemic and economic growth in emerging countries.
Meanwhile, both global and domestic supply chains have generally been seeing disruptions due to the
ongoing Russia-Ukraine situation and the lockdown of major cities in China for preventing the spread of
coronavirus. As a result, the steel demand at the moment is decreasing.
Nippon Steel has been relining the No.3 Blast Furnace at Nagoya Works, which was scheduled from January to
June 2022, and been deliberating the optimal time to resume operations. However, we have decided to
postpone the start of operations of the No.3 Blast Furnace, under our recognition that the recovery of the
steel demand is being delayed.
We will continue to respond to changes in global and domestic steel demand, and will implement prompt and
appropriate manufacturing.
