According to foreign media reports, Japan's JFE iron and steel company said that in the face of weak steel demand caused by covid-19, the company may propose restructuring plans, including closing the blast furnace of Keihin steel plant in Kawasaki region in eastern Japan. It is reported that the blast furnace capacity of the blast furnace is 5000 cubic meters, which is expected to reduce the crude steel production capacity by 4 million tons, accounting for 13% of JFE's annual production capacity.
In addition, Mysteel reported on March 27 that in order to control costs and optimize operation structure, the company originally expected to shut down the No. 2 blast furnace of Keihin steel plant around fiscal year 2023 (April 2023 to March 2024)