Japan's Kobe Steel plans to increase its automotive steel production to meet growing demand for such steel, and is targeting to a February 2021 start-up for a 240,000-tonnes-per-year continuous annealing line for steel sheet at its Kakogawa Works.
The move is prompted by expectations of growing demand for high-strength and lightweight car bodies."Rising demand for automotive high-strength steel and the need for functional improvements are expected to increase further in the future," it said...