Nippon Steel News (NSSMC reports).

NSSMC News

Nippon Steel & Sumitomo Metal Corporation - Press Release
Mon, 11 Oct 2021 16:28:06 GMT
Nippon Steel Receives 2021 Award for Excellence in Corporate Disclosure ...


Nippon Steel indicates profit could top latest forecast
Wed, 01 Sep 2021 00:00:00 GMT
Nippon Steel Corps 5401.T annual profit may beat the companys recent sharply upgraded forecast, a senior executive indicated to Reuters - , as steel prices outside Japan continue to rally on strong demand while iron ore prices have plunged. Earlier this month, the worlds fifth-biggest steelmaker raised its annual profit guidance by 54% as solid global demand boosts steel prices and earnings of its units in India, the United States and Brazil. Our overseas businesses have been outperforming


Japan steelmakers set for sharp profit recovery as global demand ...
Sat, 14 Aug 2021 00:00:00 GMT
Japanese steelmakers are on track for a V-shaped annual profit recovery from the pandemic-induced slump, as solid global demand boosts prices while higher prices of iron ore and coking coal drive hefty inventory appraisal gains. Japans second-biggest steelmaker, JFE Holdings, on Thursday (Aug 12) nearly doubled its annual net profit forecast following similar upgrades by Nippon Steel and Kobe Steel last week. JFE now expects a net profit of 240 billion yen (US$2.2 billion), its highest


China, Japan steel bodies meet, tie to clamp down on soaring ...
Thu, 10 Jun 2021 00:00:00 GMT
The exchanges between steel bodies from China and Japan signified that global soaring prices of the raw material could be restrained to some extent and a more reasonable pricing mechanism may be established to address strained supply chains, experts have said. The remarks followed Luo Tiejun, vice president of China Iron and Steel Association (CISA) meeting with the Nippon Steels China Chief Representative on Tuesday in Beijing. Nippon Steel is the worlds No.3 steelmaker. The two parties


Japanese Steelmakers: Heavy Investment Tests Industry Mettle
Fri, 21 May 2021 00:00:00 GMT
Major Japanese steelmakers need to raise the bar. Their credit quality is threatened by intense competition and increased debt. Nippon Steel Corp. (BBB/Negative/) and JFE Holdings Inc. (unrated) will continue struggling to maintain creditworthiness in the next one to two years, in our view. Competition with large East Asian peers that offer low-cost products leads us to believe the two largest Japanese steelmakers will remain behind rivals in terms of EBITDA. Their debt burdens are also


Steel companies push to get vaccine doses for staff
Fri, 30 Apr 2021 00:00:00 GMT
ArcelorMittal Nippon Steel India has already placed orders with Pune-based Serum Institute of India for around 45,000 vials of its Covid-19 vaccine


Steelmakers respond to government's call for support, to pump ...
Thu, 22 Apr 2021 00:00:00 GMT
State-owned Steel Authority of India has supplied around 35,000 tonnes of liquefied medical oxygen from its plants in Bhilai, Bokaro, Burnpur, Durgapur and Rourkela since the beginning of the pandemic last year. Private manufacturers such as Tata Steel, JSW Steel and ArcelorMittal Nippon said they are supplying


Sapan Gupta elevated as global legal head of ArcelorMittal
Tue, 30 Mar 2021 00:00:00 GMT
Gupta joined ArcelorMittal Nippon Steel India (AM/NS India) on April 1, 2020, as general counsel with responsibility for legal affairs, compliance and company secretarial


Mega steel plant to bring new wave of economic development, create ...
Fri, 05 Mar 2021 00:00:00 GMT
This ArcelorMittal-Nippon mega steel plant in Kendrapada will benefit from massive infrastructure developments in the region over the past six years such as expansion of Paradip port and setting up of Mahanadi riverine port, key freight and passenger rail corridors such as the Paradip-Haridaspur new line, fast-track construction of highways


Nippon Steel to boost R&D spending to hasten decarbonisation
Wed, 03 Mar 2021 00:00:00 GMT
Nippon Steel, the worlds No.3 steelmaker, will boost research and development (R&D) spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said. We will input considerable resource into R&D on decarbonisation technology, Executive Vice President Katsuhiro Miyamoto told Reuters - in an interview on Friday. Further details will be laid out in March. Japanese steelmakers account for 14% of


Tokyo Steel to maintain product prices steady in March
Tue, 23 Feb 2021 00:00:00 GMT
Tokyo Steel Manufacturing Co Ltd will leave product prices unchanged in March to ensure a hike implemented in January would be absorbed by the market, Japans top electric-arc furnace steelmaker said. For March, prices of its main H-shaped beams will stay steady at 93,000 yen ($880) a tonne while hot rolled coils will remain unchanged at 79,000 yen ($748) a tonne. Steel markets abroad have rebounded after Chinas Lunar New Year holiday with solid demand in many countries, but orders of


BHP partners with JFE Steel to study cutting carbon from steel-making
Thu, 11 Feb 2021 00:00:00 GMT
BHP Group said on Wednesday it would invest up to $15 million over five years as part of a deal with Japans JFE Steel to look at technologies and other ways to lower emissions from the steel-making process. BHP is the worlds biggest listed miner and biggest coking coal producer. Combined with iron ore, also mined by BHP, coking coal is used to make steel, producing millions of tonnes of CO2. The investment is part of BHPs $400 million fund for reducing emissions, as investor pressure



Number of Nippon Steel company news reports: 12
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