XFN ASIA reported that Taiwan’s China Steel Corp’s No 1 blast furnace is due to resume production today and the company's shipments will not be affected by the shutdown.
CSC in a filing with the Taiwan Stock Exchange said that production at the furnace has being suspended since June 7th 2008 after its cooling system was affected by a fire. The halt of operations at the furnace is estimated to cut company production by about 100,000 to 150,000 tonnes.
It said that but the company's inventory will meet demand and the incident will not affect shipments.
