Nippon Steel, JFE to cut Q1 output by 5 pct - Nikkei


TOKYO, April 28 (Reuters) - Nippon Steel Corp and JFE Steel Corp , the world's No. 4 and No. 5 steelmakers, will reduce output in the April-June quarter by around 5 percent from their original plans to cope with production cuts at carmakers following last month's massive earthquake, the Nikkei business daily said. Nippon Steel now plans crude steel output of around 7.6 million tonnes in April-June, the Nikkei said. JFE plans to produce 7.2 million tonnes during the period, down from its ...

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