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JFE cuts FY crude steel output plan but ups profit forecast
Sat, 05 Nov 2022 00:00:00 GMT
Japans No.2 steelmaker JFE Holdings Inc 5411.T, 5411.T on Friday lowered its crude steel output plan for the year to March 31 due to slow demand at home and slumping overseas markets, but raised its full-year profit forecast. The company now plans to produce 25 million tonnes of crude steel on a parent basis for the current financial year, down from its earlier forecast of 26 million tonnes. Recovery in automobile production in Japan and overseas steel markets appears to be slower than

Nippon Steel raises profit forecast on higher margins
Thu, 03 Nov 2022 00:00:00 GMT
Japans Nippon Steel Corp 5401.T raised its full-year net profit forecast by 12% on Tuesday, citing higher margins through price increases and lower costs after a restructuring and capacity cuts. Net profit in its financial year to March 31 is now projected at a record 670 billion yen ($4.6 billion), up from its August guidance of 600 billion yen and above a mean forecast of 483 billion yen among 10 analysts polled by Refinitiv. This is the effect of our efforts over the past two years to

Japans Nippon Steel aims to almost double Indian units output ...
Mon, 05 Sep 2022 00:00:00 GMT
Japans biggest steelmaker Nippon Steel Corp plans to almost double crude steel output capacity at its Indias Hazira plant to secure more of the growing market, an executive said. The expansion plan comes despite a growing concerns about a slowdown in the global economy amid rising interest rates and weaker demand in top buyer China. We are accelerating investment in India, Takahiro Mori, executive vice president at Nippon Steel, told Reuters - on Tuesday. In terms of steel, India is

Nippon Steel forecasts 6% profit drop, beating market estimate
Fri, 05 Aug 2022 00:00:00 GMT
Japans top steelmaker Nippon Steel Corp 5401.T on Thursday predicted a 6% drop in annual net profit due to lower output, a far smaller fall than analysts were expecting as it expressed confidence in being able to pass on rising costs to customers. The world No.4 company by crude steel output forecast year to March net profit of 600 billion yen ($4.5 billion), down from 637.3 billion yen a year earlier. That exceeded a mean estimate of 355 billion yen from 11 analysts surveyed by Refinitiv.

Nippon Steel & Sumitomo Metal Corporation - Press Release
Thu, 12 May 2022 16:58:17 GMT
Construction of next-generation hot strip mill at Nagoya Works

Vale and Nippon Steel sign MOU to develop decarbonization technologies ...
Wed, 27 Apr 2022 00:00:00 GMT
Brazilian miner Vale and Japanese steelmaker Nippon Steel have signed a memorandum of understanding to pursue ironmaking solutions focused on carbon-neutral steelmaking processes, the two companies said in separate statements April 26. Based on this MOU, Nippon Steel and Vale will jointly study and explore the utilization of raw materials which contribute to direct

Mon, 14 Feb 2022 09:03:54 GMT
The post speech-kosei-shindo-World Steel Association-chairman appeared first on World Steel

Nippon Steel to seek more merger chances to boost global output
Fri, 04 Feb 2022 00:00:00 GMT
Japans top steelmaker Nippon Steel Corp 5401.T is seeking more merger and acquisition (M&A) opportunities to boost its global output capacity to 100 million tonnes, an executive said on Thursday, after its recent decision to buy two Thai steelmakers. Overseas steel markets are expected to recover after Chinas Lunar New Year holiday and the Beijing Winter Olympics to reflect the higher prices of raw materials and an expected economic stimulus by Chinese government, Nippon Steel

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 ...

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