Company News - Nippon Steel [more headlines]


Overseas Investment in Steel Sector - Press ...
Mon, 14 May 2012 03:33:00 +0100
The details are given below: Acquisition of 14.99 per cent stake in JSW Steel Ltd. by JFE Holdings of Japan. Acquisition of 29 per cent stake in Uttam Galva Steels Ltd. by Arcelor-Mittal. The Minister said, in order to monitor and coordinate ...


Business Nippon Steel seals planned Sumitomo ...
Mon, 30 Apr 2012 22:57:28 +0100
Japan's biggest steelmaker Nippon Steel has sealed its merger with third-ranked rival Sumitomo Metal Industries, while reporting a profit drop in the fiscal year to March.Nippon Steel said it had reached the final accord to merge the two companies on Oct 1 -- as announced in September -- to


Business Nippon Steel seals planned Sumitomo ...
Mon, 30 Apr 2012 16:57:00 +0100
Japan's biggest steelmaker Nippon Steel has sealed its merger with third-ranked rival Sumitomo Metal Industries, while reporting a profit drop in the fiscal year to March.Nippon Steel said it had reached the final accord to merge the two companies on Oct 1 -- as announced in September -- to


Nippon Steel swings to quarterly net profit ...
Sun, 29 Apr 2012 23:18:27 +0100
For this fiscal year, the company didn't provide an earnings outlook, noting that it has not started price negotiations over raw materials for steel making. It also noted that it is still in talks with client industries about steel product ...


Nippon Steel To Have 10 Directors Vs S'tomo ...
Fri, 27 Apr 2012 20:20:32 +0100
Nippon Steel Corp. and Sumitomo Metal Industries Ltd. said Friday that the company to be created through their October merger will have a board of 15 directors, 10 from Nippon Steel and five from Sumitomo Metal.


Nippon Steel Returns to Profit as Japanese Yen ...
Fri, 27 Apr 2012 02:01:00 +0100
Nippon Steel said April 2 it reversed 80.7 billion yen of losses in the fourth quarter. The two steelmakers plan to merge on Oct. 1, creating a bigger company to compete against rivals including ArcelorMittal (MT), South Korea's Posco and China's ...


Nippon Steel sues S. Korea's Posco ...
Wed, 25 Apr 2012 04:40:00 +0100
TOKYO Nippon Steel said Wednesday it is suing South Korea's Posco for $1.25 billion over claims it stole key technology for a niche product, amid intense competition in the steel sector. The complaint, filed in Tokyo District Court, alleges Posco ...


Business Moody's downgrades Nippon Steel ...
Mon, 23 Apr 2012 22:28:04 +0100
Moody's downgraded the credit rating of Nippon Steel on Monday, citing the planned merger of Japan's largest steelmaker with smaller rival Sumitomo Metal Industries.The tie-up, scheduled to be completed by October, was expected to create the world's second-largest steel firm, generating savings in the face of increasingly intense global


Nippon Steel To Renovate Yawata Blast Furnace
Mon, 26 Mar 2012 23:26:26 +0100
Nippon Steel Corp. said Monday that it will overhaul the blast furnace at its Yawata works in Kitakyushu to improve the mill's cost-competitiveness and help expand Asian sales.


Text-s&p:ratings On Nippon Steel Affirmed; ...
Thu, 22 Mar 2012 12:32:43 +0000
The financial risk profile of the entity resulting from the October 2012 merger between Nippon Steel and Sumitomo Metal Industries will likely be weaker than that of Nippon Steel.


E United Eyes Partnering with JFE of Japan to ...
Thu, 22 Mar 2012 04:55:00 +0000
Taipei, March 22, 2012 (CENS)--E United Group, Taiwan's major integrated producer of steel products, hopes to partner with the JFE Group, Japan's second-largest steel conglomerate, to ...


Nisshin, Nippon Metal Agree to Merge to Survive ...
Mon, 19 Mar 2012 10:21:08 +0000
The domestic steelmakers announced they were in talks about a merger in November to gain pricing power and compete against larger international rivals. An aging population and a sluggish domestic economy have curbed demand for stainless steel ...