Inside Financial Markets

Huge Blaze Breaks out at Steel Plant near Haneda Airport

Tokyo: Huge blaze broke out Monday at a steel pipe plant near Tokyo’s Haneda airport, a fire department official said, as television images showed plumes of thick black smoke and flames shooting up into the air.

The blaze came just hours after a blast ripped through a warehouse at a US military post near Tokyo, sending sparks into the sky and triggering a blaze that burned through the night, although there were no reports of injuries.

Local police declined to speculate on whether there was any link between the two incidents.

“We do not know any details at this point,” a police spokesman told AFP on the question of any connection.

The site near the busy international airport is owned by a unit of giant steelmaker Nippon Steel & Sumitomo Metal, which declined to make an immediate comment.

The vast steel pipe-making facility, which spans 20,800 square metres (224,000 square feet), operates a pair of manufacturing lines, about one kilometre from Haneda.

“A fire broke out from a two-metre cooling tower,” the fire official said without elaborating.


Aerial television footage showed the blaze stretched across a long, narrow warehouse after it was first reported at 11:36 am local time (0236 GMT).

It reportedly spread to a next door cosmetics factory owned by Japan’s Kao. Public broadcaster NHK said about 600 of its employees had been evacuated from the site.

There was no immediate word about employees working at the Nippon Steel factory or if anyone at either site was injured.

Japan Airlines and rival All Nippon Airways said none of its flights had so far been affected.

Last year, at least 15 people were injured after an explosion at a Nippon Steel plant in central Japan.

It followed a series of accidents at the site, which prompted the mayor of Tokai, a city of about 100,000 people, to formally ask the steelmaker to draw up a plan to deal with any safety problems.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

The Canadian Securities Institute


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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)