Japan steel body urges restart of nuclear reactors

An industry body for Japan's steelmakers, the nation's biggest electricity users, urged the early restart of nuclear power plants this week, worried that potential power cuts and higher electricity charges will further squeeze a sector already reeling from the strong yen.

Big businesses have reacted furiously to plans by Tokyo Electric Power Co, or Tepco, to raise charges but had refrained from calling for the restart of reactors, wary of an angry response from a public worried about nuclear safety due to the Fukushima radiation crisis, reports Reuters.

"The smooth restart of nuclear power plants after safety checks is very important for Japanese manufacturers," said Eiji Hayashida, chairman of the Japan Iron and Steel Federation.

"Utilities other than Tepco will also be forced to raise electricity charges if they have to turn to gas-fired plants.

"That will further increase our production costs and accelerate manufacturers' drive to shift production abroad," said Hayashida, who is also president of JFE Steel Corp , the world's fifth-biggest steelmaker.

For more Asian power news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...