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Odisha approves massive AMNS India steelmaking project
Mon, 20 Dec 2021 00:00:00 GMT
The Odisha state government has approved ArcelorMittal Nippon Steel (AMNS) Indias INR 1.02 lakh crore ($13 billion) investment into a 24 million tonnes/year capacity integrated steel plant in Kendrapara. The plant, which will also produce up to 18.75m t/y of cement, will be completed in seven years in phases, and employ 16,000 workers. AMNS

Nippon Steel & Sumitomo Metal Corporation - Press Release
Fri, 17 Dec 2021 17:00:00 GMT
Notice Regarding Nippon Steel's Decision to List on Tokyo Stock Exchange's ...

Nippon Steel plans India expansion; eyes mill in Southeast Asia
Wed, 01 Dec 2021 00:00:00 GMT
Japans Nippon Steel reiterated its plans to raise the crude steel production capacity of its ArcelorMittal Nippon Steel India (AM/NS India) joint venture as well as to establish an integrated steel mill in Asia, the steelmaker said Nov. 30, as part of its global expansion plans. Under consideration are plans to expand the capacity

Japan, U.S. agree to start talks on additional steel, aluminium ...
Tue, 16 Nov 2021 00:00:00 GMT
Japan and the United States have agreed to start discussions aimed at tackling additional U.S. tariffs on Japanese steel and aluminium imports during a bilateral meeting in Tokyo, Japans industry ministry said on Monday. The meeting was held between Japans Industry Minister Koichi Hagiuda and U.S. Commerce Secretary Gina Raimondo, but a ministry official said no concrete measures were discussed and no date was set for the talks. It comes after the United States said on Friday it would open

Nippon Steel to change method of price talks with domestic clients
Wed, 03 Nov 2021 00:00:00 GMT
Japans top steelmaker, Nippon Steel Corp., aims to adopt a new pattern for semi-annual price negotiations of term contracts with domestic industry customers from next April and is in talks with them, a company official said on Tuesday. Executive Vice President Takahiro Mori added that the steelmaker wanted to keep a good relationship with Toyota Motor Corp 7203.T, as one of its most important customers. In October, Nippon Steel filed patent infringement lawsuits in a Tokyo district court

Baosteel says it will fight Nippon Steels patent infringement ...
Sat, 16 Oct 2021 00:00:00 GMT
Chinas Baoshan Iron & Steel Co Ltd (Baosteel) said on Thursday it did not agree with Japanese rival Nippon Steels claims that it infringed patents. Nippon Steel said on Thursday it had filed lawsuits against Baosteel and Toyota Motor Corp with a Tokyo district court. Baosteel said in a statement it had repeatedly approached Nippon Steel about the claim and was rebuffed, calling this regretful. The company said it had strictly followed regulations and would actively respond to the

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

Number of Nippon Steel company news reports: 12
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