UPDATE 1-Kobe Steel to Spend $463 Mln on Domestic Plants-Shanghai Metals Market

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UPDATE 1-Kobe Steel to Spend $463 Mln on Domestic Plants

Industry News 09:27:30AM Dec 09, 2011 Source:SMM

TOKYO Dec 8 (Reuters) - Kobe Steel Ltd said on Thursday it would spend 36 billion yen ($463 million) at its two domestic plants mainly to boost hot-metal treatment capacity as it aims to shift further into high-grade steel used in energy projects and cars.

Kobe said the investment will enable it to reduce sulphur and phosphorus in molten iron, producing such steel more efficiently at lower cost.

The company, strong in automotive high-strength steel sheets, targets such products as steel plates used in tanks, pressure vessels and line pipes used in energy projects as well as high-strength steel sheet. ($1 = 77.7300 Japanese yen)
 

Key Words:  Kobe Steel  steel demand  steel 

UPDATE 1-Kobe Steel to Spend $463 Mln on Domestic Plants

Industry News 09:27:30AM Dec 09, 2011 Source:SMM

TOKYO Dec 8 (Reuters) - Kobe Steel Ltd said on Thursday it would spend 36 billion yen ($463 million) at its two domestic plants mainly to boost hot-metal treatment capacity as it aims to shift further into high-grade steel used in energy projects and cars.

Kobe said the investment will enable it to reduce sulphur and phosphorus in molten iron, producing such steel more efficiently at lower cost.

The company, strong in automotive high-strength steel sheets, targets such products as steel plates used in tanks, pressure vessels and line pipes used in energy projects as well as high-strength steel sheet. ($1 = 77.7300 Japanese yen)
 

Key Words:  Kobe Steel  steel demand  steel