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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

Indian steel mills hike prices despite customs duty cut
Wed, 03 Feb 2021 00:00:00 GMT
State-run Steel Authority of India hiked the price by around Rs 1,000 per tonne, while JSW Steel and ArcelorMittal Nippon Steel (AMNS) increased it by around Rs 1,500. Other steelmakers are expected to follow

ArcelorMittal Nippon Steel India inks Rs 5K cr pact with POSCO ...
Fri, 29 Jan 2021 00:00:00 GMT
POSCO Maharashtra Steel has been a valued customer for years and this MoU further strengthens our relationship with a promise to deliver smarter and better steel, said Dilip Oommen, Chief Executive Officer, ArcelorMittal Nippon Steel India (AMNS India) in a statement on

Steel companies engage with vaccine makers for bulk supply of ...
Mon, 18 Jan 2021 00:00:00 GMT
Domestic steel makers like -- Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for

Number of Nippon Steel company news reports: 12
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