Nippon Steel to increase production in 2005
Japanese steel producer Nippon Steel Corporation (NSC) announced plans to expand its steel
production capacity in 2005. The capacity expansion plan aims at meeting strong market demand.
In line with the plan, NSC's finished steel
production capacity will be increased to 32 million tons by the end of fiscal 2005, which starts in April 2005.
The
production for the 2004 fiscal year is estimated to be 29.5 million tons.