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Nippon Steel To Sell 2 US Plants As It Speeds Up Overseas Operations Reorganisation - Yomiuri
Nippon Steel To Further Adjust Blast Furnace Operations In Response To Current Steel Demand
Nippon Steel, JFE Steel, Kobe Steel Will Tell Unions That They Will Not Hike Base Pay For First Time In 7 Yrs, As Trade War Saps Demand - Nikkei
NIPPON STEEL CORPORATION, formerly NIPPON STEEL & SUMITOMO METAL CORPORATION, is a Japan-based company mainly engaged in the steel manufacturing business. The Company has four business segments. The Steel Manufacturing segment is engaged in the manufacture and sale of steel bars, steel plates, steel pipes, special steels, steel secondary products and other steel products. The Engineering segment is engaged in the production and sale of industrial equipment and steel structures, the contract of construction work, the processing and recycling of waste, as well as the provision of electricity, gas and heat. The Chemical and Materials segment is engaged in the manufacture and sale of coal chemical products, petrochemical products, electronic materials, carbon fibers, composites and other products. The System Solution segment is engaged in the provision of computer system related engineering consulting services and outsourcing services.
Iron & Steel
Marunouchi Park Bldg., 2-6-1, Marunouchi
Chairman of the Board, Representative Director
President, Representative Director
Executive Officer, Director of Finance
Executive Vice President
Vice President, Representative Director
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Japan's largest steelmaker Nippon Steel Corp said on Tuesday it will resume in late November a blast furnace in Kimitsu, eastern Japan, that was suspended to cope with lean demand due to the COVID-19 pandemic.
Japan's top steelmaker Nippon Steel Corp <5401.T> is seeking overseas mergers and acquisitions (M&As) but not for further M&A deals at home, its president, Eiji Hashimoto, said on Tuesday.
Japan's top steelmaker Nippon Steel Corp is seeking overseas mergers and acquisitions (M&As) but is not thinking about further M&As at home, its President Eiji Hashimoto said on Tuesday.
Nippon Steel Corp <5401.T> has filed an appeal against a South Korean court decision last year that would allow for a seizure of its assets to compensate labourers forced to work during World War II, a court official said on Friday.
Nippon Steel Corp said on Tuesday it will appeal a South Korean court ruling that allows for a seizure of its assets, as tensions between Tokyo and Seoul over the case threaten to flare up again.
Japan's Nippon Steel Corp said on Tuesday it will appeal a South Korean court ruling that allows for the company's assets in that country to be seized and sold as compensation for forced wartime labour.
Nippon Steel Corp, Japan's biggest steelmaker, said on Friday it will spend 49 billion yen ($450 million) to renovate its No.3 blast furnace at Nagoya Works in central Japan in 2022 to boost stability and productivity.
Nippon Steel Corp on Friday reported a record $4 billion annual net loss as a hefty restructuring charge dampened its earnings, and said it will idle two more blast furnaces from July to cope with slumping demand amid the coronavirus pandemic.
* Suspensions of 4 furnaces will cut 25% in its furnaces' volume
Nippon Steel Corp, Japan's biggest steelmaker, said on Tuesday it will temporarily shut a blast furnace in Kimitsu, in eastern Japan, in mid-May to cope with slumping demand amid the coronavirus pandemic.
Nippon Steel Corp is considering halting a blast furnace in Kimitsu, eastern Japan, to cope with slumping demand, a source at a group company said on Friday, following its recent decision to temporarily shut two blast furnaces.
* First time since 2009 to temporarily shut more than 2 furnaces
Nippon Steel Corp, Japan's biggest steelmaker, will temporarily shut two blast furnaces in Japan later this month to cope with declining demand due to the coronavirus pandemic, it said late on Tuesday.
Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation.
* Company will shut three blast furnaces and other facilities
Japan's Nippon Steel Corp , the world's third-biggest steelmaker, is likely to cut about a tenth of steelmaking capacity, the Nikkei business daily said on Friday, in what would be an unprecedented move for the steel industry.
Nippon Steel Corp will likely cut about 10% of crude steel capacity by closing both blast furnaces at its Kure site "within a few years" to better compete in the face of rising output in top producer China, Nikkei business daily reported on Friday.
ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the bankrupt Indian steel company that ArcelorMittal has taken over.
Japan's top steelmaker Nippon Steel Corp may close more blast furnaces as part of plans to reduce domestic facilities to cut costs, said a senior executive, as falling demand and lower Asian steel prices eat into its annual profit forecast.
Japan's biggest steelmaker, Nippon Steel Corp, said on Thursday one of the two steelmaking plants at its Kimitsu Steel Works will be shut until the end of December, to repair a chimney that collapsed in a typhoon last month.
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