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26 Jan
09:43

Kobe Steel invests to consolidate steelmaking

Japan’s Kobe Steel says it has completed the No. 6 continuous caster and expanded the No. 2 bloom mill at its Kakogawa steelworks. The investment is part of a plan to consolidate all its steelmaking at the site, Kallanish notes. The new caster and additional heating furnace and RH vacuum degassing furnace at Kakogawa are part of a JPY 65 billion ($573m) consolidation by Kobe Steel. The company estimates that the investment could boost profitability by…
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