The latest announcement is out from Chubu Steel Plate Co ( (JP:5461) ).
Chubu Steel Plate Co., Ltd. experienced a significant accident at its steelmaking plant in Nagoya, Aichi Prefecture, on January 21, 2025, involving a steam explosion around the electric arc furnace. While there were no human casualties, the accident caused damage to the furnace equipment and surrounding facilities, delaying the resumption of operations until the end of March. The company plans to mitigate the impact by purchasing semi-finished products to resume rolling mill operations by mid-March, aiming to restore product supply swiftly.
More about Chubu Steel Plate Co
Chubu Steel Plate Co., Ltd. operates in the steel industry, focusing on the production of steel plates. The company is listed on the Tokyo and Nagoya Stock Exchanges and is known for its manufacturing capabilities in steelmaking.
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