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Nippon Steel Corp (5401.T)

5401.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nippon Steel Sees H1 Group (IFRS) Net Profit 30 Billion Yen
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Nippon Steel Corp <5401.T>::SEES H1 GROUP (IFRS) NET PROFIT 30 BILLION YEN ($274.78 million).SEES H1 GROUP (IFRS) REVENUE 3 TRLN YEN.SEES H1 GROUP (IFRS) BUSINESS PROFIT 70 BILLION YEN.  Full Article

CCI Finds No "Appreciable Adverse Effect" On Competition On Arcelormittal, Nippon Steel & Sumitomo Metal’s Proposed Buy Of Essar Steel
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - COMPETITION COMMISSION OF INDIA::FINDS NO APPRECIABLE ADVERSE EFFECT ON COMPETITION W.R.T. ARCELORMITTAL, NIPPON STEEL & SUMITOMO METAL’S PROPOSED ACQUISITION OF ESSAR STEEL.  Full Article

Nippon Steel & Sumitomo Metal announces application of International Financial Reporting Standards
Friday, 2 Mar 2018 

March 2(Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it will apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.  Full Article

Saudi Aramco signs MOU to pursue steel production‍​
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - SAUDI ARABIAN OIL CO :SIGNS MOU WITH NIPPON STEEL AND SUMITOMO METAL CORPORATION (NSSMC), SUMITOMO CORPORATION AND SUMITOMO CORPORATION SAUDI ARABIA TO CONDUCT FEASIBILITY STUDY TO PRODUCE STEEL PLATES IN RAS AL-KHAIR AREA ‍​.  Full Article

Ternium Announces Agreement With NSSMC Regarding Governance Of Usiminas
Friday, 9 Feb 2018 

Feb 8 (Reuters) - Ternium SA ::TERNIUM ANNOUNCES AGREEMENT WITH NSSMC REGARDING GOVERNANCE OF USIMINAS.TERNIUM SA - UNIT ENTERED INTO BINDING AND IMMEDIATELY EFFECTIVE AGREEMENT WITH NIPPON STEEL & SUMITOMO METAL CORPORATION.TERNIUM SA - AGREEMENT ESTABLISHES CERTAIN NEW GOVERNANCE RULES FOR USIMINAS, CERTAIN UNDERTAKINGS FOR SETTLEMENT OF LEGAL DISPUTES.TERNIUM SA - NEW GOVERNANCE RULES FOR USIMINAS INCLUDE ALTERNATION MECHANISM FOR NOMINATION OF EACH OF CEO AND CHAIRMAN OF BOARD OF DIRECTORS.TERNIUM SA - NEW GOVERNANCE RULES FOR USIMINAS INCLUDE A NEW MECHANISM FOR NOMINATION OF OTHER MEMBERS OF USIMINAS' EXECUTIVE BOARD.TERNIUM - RIGHT TO NOMINATE CEO AND CHAIRMAN WILL ALTERNATE BETWEEN TERNIUM AND NSSMC AT EVERY 4-YEAR INTERVAL, COMPRISING 2 CONSECUTIVE 2-YEAR TERMS.TERNIUM SA - CO, NSSMC INTEND TO NOMINATE SERGIO LEITE AS USIMINAS' CEO AND RUY HIRSCHHEIMER AS USIMINAS' CHAIRMAN OF BOARD.TERNIUM SA - EXECUTIVE BOARD WILL BE COMPOSED OF SIX MEMBERS, INCLUDING CEO AND FIVE VICE-PRESIDENTS, WITH CO, NSSMC NOMINATING THREE MEMBERS EACH.TERNIUM SA - AS PART OF AGREEMENT, CO, NSSMC WILL TAKE STEPS TO TERMINATE OR RESOLVE ALL PENDING JUDICIAL AND ADMINISTRATIVE DISPUTES.  Full Article

Topy Industries to buy wheels co Ring Techs
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Topy Industries Ltd <7231.T>:Says it will acquire 100 percent stake in Ring Techs Co.,Ltd, which is engaged in manufacture and sale of wheels, from NIPPON STEEL & SUMITOMO METAL CORP <<<5401.T>>>, with undisclosed price, effective Feb. 15 .  Full Article

Nippon Steel & Sumitomo Metal to merge with unit
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it plans to merge with unit Nippon Steel & Sumikin Koutetsu Wakayama Corp, effective on April 1, 2018.Says unit will be dissolved after merger.  Full Article

Sumco's top shareholder to cut voting power in co to 7.9 pct
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Sumco Corp <3436.T>:Says co's top shareholder NIPPON STEEL & SUMITOMO METAL CORPORATION <<<5401.T>>> plans to cut voting power in the co to 7.9 percent from 13.4 percent and will become the second biggest shareholder of the co.Says change will occur on Oct. 17.  Full Article

J-Stream completes stake acquisition in Innoqos
Thursday, 31 Aug 2017 

Aug 31(Reuters) - J-Stream Inc <4308.T>:Says it completed stake acquisition in a Tokyo-based firm Innoqos, on Aug. 31.Acquisition plan was announced on June 30.  Full Article

Nippon Steel sees 56% dip in yearly profit on surging iron ore prices

TOKYO, Aug 1 Japan's top steelmaker Nippon Steel Corp on Thursday forecast a 56% drop in business profit in the year through March 2020, as surging iron ore prices and slumping demand in Asia erode its margins.