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Nippon Steel aims for output near 11 million tonnes a quarter for 2019-20

Reuters  |  TOKYO 

By Yuka Obayashi and Yoshiyasu ShidaTOKYO (Reuters) - Japan's top steelmaker Nippon Steel & Sumitomo Metal aims to boost crude steel output to nearly 11 million tonnes a quarter in the year from April 1, after system troubles cut production and its profit outlook this year, a senior executive said. "We should be able to produce 11 million tonnes of crude steel a quarter, but actual output has been falling short of it in the past few years," Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters in an interview on Friday. The average of estimated quarterly output for the ...

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First Published: Sun, February 24 2019. 22:36 IST