Chubu Steel Plate Reaches Total Crude Steel at 20 million tonnes

Chubu Steel Plate, Japanese major plate maker, reached total crude steel to 20 million tonnes from April 1962 when started the operation of electric furnace. The firm held the ceremony for the record in Nagoya on Saturday, and assembled employee or Old Boy at 560 peoples.The firm’s electric furnace was the newest and largest in the world in 1962.Kenichiro Narita, the president, said world crude steel is expanding thanks to increasing world steel demand while higher material price is putting pressure on steel makers’ profit. Mr. Narita said the firm got highest profit performance in domestic electric furnace industry in the business year ending in March 2008 thanks to the works’ power, and the firm will enhance the confidence from consumer, profit performance and the works’ power.