The cost of Nagoya explosion is fairly below the estimated rate
Japanese mill Nippon Steel, spending half of the estimated cost of Yen 30 billion ($274 million) for the restoration of its mill at Nagoya, has completed the restoration.
It is stated that the company, completing the restoration processes by late September, has regained its normal
production pace.
Nippon Steel has also stated that, it keeps its estimated full-year pre-tax profit as Yen 170 billion ($1.5 billion). Meanwhile, as previously reported by SteelOrbis, Nagoya mill has begun to obtain semi-products from Sumitomo Metal Industries and Kobe Steel to compensate the output shortfall.