Tokyo Steel Calling for Faster Nuclear Power Revival in Japan
- Tokyo Steel says surging energy costs eroding competitiveness
- Only 10 of Japan’s 33 reactors have restarted since Fukushima
Unit 6, left, and unit 5 reactor buildings at the Fukushima Dai-ichi nuclear power plant.
Photographer: Charly Triballeau/AFP/Getty Images
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A major Japanese steel-maker is calling for a quicker restart of nuclear reactors that were idled after the Fukushima disaster more than a decade ago as it grapples with soaring energy costs.
Tokyo Steel Manufacturing Co., Japan’s biggest producer of steel made from scrap, said more nuclear power generation was essential to revive the competitiveness of manufacturing in the country. Rising commodity prices and the phasing out of coal is making it tougher to secure enough electricity, said Kiyoshi Imamura, the company’s managing director.