Daido Steel plans 24.2 billion yen of capital expenditure for fiscal 2008 started April compared with 20.8 billion yen in fiscal 2007. The firm tries to improve the better productivity and cost structure for steel making for around 6 billion yen while the firm doubles the output capacity of hot wheel for turbo charger at Gifu plant of the group company, Daido Castings.
The firm tries to increase the continuous casting rate from current less than 90% at Chita plant in Aichi. The firm improves the yield under surging ferrous scrap price. The firm also develops technology to use lower grade scrap more. Daido Castings builds new plant building to increase the output capacity of the hot wheel to near double when the demand grows to diesel engine in European market.| M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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