Latest News
May 22, 2008 – 7:29 amNippon Steel plans to build new plant in Thailand
Nippon Steel Corp. has expressed its hopes of building a steel plant in Thailand. Nippon Steel is expanding its steel output in response to growth in global steel demand. But it may be forced to reduce domestic production depending on the course of international talks on a successor framework for the Kyoto Protocol on greenhouse gas cuts. Nippon Steel is yet to decide whether it should shift its focus to foreign operations by holding back from raising its domestic output said Shoji Muneoka, President, Nippon Steel.
Besides Nippon Steel, Japan’s JFE Steel Corp., ArcelorMittal and China’s Baosteel Group Corp. have offered to participate in the Thai steel plant project. The Southeast Asian country is expected choose only one firm. Nippon Steel recently decided to expand the group’s steel output in Brazil. It also aims to expand to Thailand.
You must be logged in to post a comment.