Tokyo Steel to hold product prices steady in Oct for a third ...Wed, 20 Sep 2023 00:00:00 GMT
Tokyo Steel Manufacturing Co , Japans top electric-arc furnace steelmaker, said on Tuesday said it would hold steel product prices steady in October to reflect slow activities in the construction sector at home and sluggish demand abroad. This is the third month the company will keep prices unchanged for all of its steel products, including its main H-shaped beams. Tokyo Steel lowered prices for some products in July. Tokyo Steels pricing is closely watched by Asian rivals such as South
Nippon Steel expects Asias steel margins to remain weak executiveFri, 01 Sep 2023 00:00:00 GMT
Nippon Steel Corp., Japans top steelmaker, expects profit margins on steel salesin Asia will remain weak through March because of sluggish demand in the worlds top consumer China and in the region, a senior executive said. But the worlds fourth-biggest steelmaker is still on track to achieve a record annual business profit excluding one-off items in the 2023/24 fiscal year, driven by stronger earnings from high-end products and improved marginal profit following a series of
Japan, UAE to build low-carbon iron supply chainWed, 19 Jul 2023 00:00:00 GMT
Japans Itochu 8001.T said on Tuesday it has teamed up with JFE Steel Corp, Emirates Steel Arkan EMSTEEL.AD and Abu Dhabi Ports Group ADPORTS.AD for a low-carbon iron supply chain, as Japan and the United Arab Emirates are pursuing green goals. The memorandum of understanding to build the supply chain was signed during Japan Prime Minister Fumio Kishidas visit to the UAE where the project area will be located, Itochu said. The countries have agreed to cooperate on technology and climate
Steel trade dips on expectations of price cutsFri, 05 May 2023 00:00:00 GMT
Activity in the steel trade market in India has slowed significantly as buyers hold back from stocking up on materials on expectations of prices dropping. The trade market, consisting of dealers and sub-dealers of primary steel mills, accounts for a quarter of the overall steel consumption in the country. Major players like JSW Steel and ArcelorMittal Nippon Steel India have cut prices by Rs 2,000 per tonne and Rs 2,500 per tonne respectively, while other steel mills are expected to follow.
Nippon Steel & Sumitomo Metal Corporation - Press ReleaseThu, 13 Apr 2023 14:05:30 GMT
Nippon Steel comments on Glencore's unsolicited proposal to acquire ...
Nippon Steel & Sumitomo Metal Corporation - Press ReleaseWed, 12 Apr 2023 13:24:03 GMT
Notice Regarding Results of Tender Offer for Shares of Nippon Steel ...
ArcelorMittal-Nippon Steel India JV signs $5 bln loan deal with ...Sat, 01 Apr 2023 00:00:00 GMT
ArcelorMittal SA MT.LU on Friday said its Indian steelmaking joint venture with Asian peer Nippon Steel Corp 5401.T has entered into a $5 billion loan deal with a consortium of Japanese lenders. The proceeds would be used to fund the expansion of the JVs annual steelmaking capacity at its Hazira plant in India to 15 million tonnes from 9 million tonnes, the European steelmaker said in a statement. The expansion would include the development of downstream rolling and finishing facilities for
Nippon Steel & Sumitomo Metal Corporation - Press ReleaseFri, 10 Mar 2023 15:04:41 GMT
Notice Regarding Commencement of Tender Offer for Shares of Nippon ...
Nippon Steel could buy more stakes in coking coal and iron ore ...Sat, 04 Mar 2023 00:00:00 GMT
Nippon Steel Corp could buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, as it sees a risk of commodity prices staying high, an executive at the worlds No.4 steelmaker said. Japans top steelmaker said in February it will spend around 1.15 billion Canadian dollars ($844 million) to buy a 10% stake in Elk Valley Resources Ltd (EVR), the coking coal unit to be spun off from Canadian miner Teck Resources Ltd. Nippon Steel already
Nippon Steel & Sumitomo Metal Corporation - Press ReleaseFri, 03 Mar 2023 13:00:00 GMT
Nippon Steel Corporation Issues Green Bond
Nippon Steel & Sumitomo Metal Corporation - Press ReleaseTue, 21 Feb 2023 20:40:41 GMT
Nippon Steel enters into agreement with Teck Resources Limited to ...
Japans Nippon Steel to pay record FY dividend on rising profitFri, 10 Feb 2023 00:00:00 GMT
Japans top steelmaker Nippon Steel Corp 5401.T on Thursday posted a 2% increase in April-December net profit to 517 billion yen ($4 billion) and said it would pay a record-high full-year dividend of 180 yen per share. Nippon Steel, which kept its full-year net profit forecast unchanged at 670 billion yen, paid an annual dividend of 160 yen per share last year. Japans financial year ends on March 31. The company raised its full-year underlying business profit forecast by 60 billion yen to
Number of Nippon Steel company news reports: 12Subscribers get access to full set of metals news releases (up to 20 reports).
Click here to subscribe.