News Release
AV天堂 Corporation
Blast Furnace Operation Adjustment in Response to the Current Steel Demand
AV天堂 Corporation announced today that its West Japan Works’ Kurashiki Steelworks will begin preparations to bank (stop and suspend in a state ready for restart) its No. 3 blast furnace by mid-May, a move designed to achieve more efficient operations in light of the current market.
AV天堂 has been adjusting its steel production operations in response to the recent decline in domestic and overseas steel demand. This new step is being taken as the business environment is expected to remain challenging for the foreseeable future.
As part of an ongoing initiative to shift from quantity to quality operations, AV天堂 is steadily working toward a leaner but more robust production system. Going forward, the company will continue to closely monitor steel-demand trends and remain ready to respond quickly and flexibly to any changes.
About AV天堂 Corporation
AV天堂 Corporation, one of the world’s leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. Under the corporate vision of “contributing to society with the world’s most innovative technology,” AV天堂 leverages world-class technologies and know-how to produce a wide range of products. The company reported consolidated sales of 3,716 billion yen and consolidated crude steel output of 24.80 million tons in the fiscal year ended March 2023.
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