Yuka Obayashi

Nippon steel may hasten and extend restructuring measures

04 Aug 2020

TOKYO Japan's top steelmaker Nippon Steel could hasten and extend restructuring measures to contend with the tough business environment created by the Covid-19 pandemic, it said after posting its biggest first-quarter loss since 2012.

Nippon Steel to appeal South Korea asset seizure ruling as case threatens bilateral ties

04 Aug 2020

TOKYO/SEOUL 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 utilities expect slow power demand recovery, cautious on outlook

03 Aug 2020

TOKYO Japanese utilities expect a slow recovery in electric power demand toward March after a 5% drop in the April-June quarter though some are less confident that the worst is over.

Oil edges lower on oversupply concerns as OPEC+ set to raise output

03 Aug 2020

TOKYO, Aug 3 Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due to pull back from production cuts in August while an increase in COVID-19 cases worldwide raised fears of slower pick-up in fuel demand.

Oil prices slip after OPEC, allies agree to loosen oil supply curbs

16 Jul 2020

TOKYO Oil prices slid on Thursday after OPEC and allies such as Russia agreed to ease record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a bigger-than-expected drawdown from the country's crude stocks.

Japan third-quarter aluminium premium falls to $79 per tonne as COVID-19 hits demand

10 Jul 2020

TOKYO The premium for aluminium shipments to Japan for July to September was set at $79 per tonne, down 3.7% from the prior quarter as the coronavirus pandemic collapsed manufacturing activity, four sources directly involved in the pricing talks said.

UPDATE 1-Japan Q3 aluminium premium falls to $79/T as COVID-19 hits demand

10 Jul 2020

* Japan's shipment of rolled aluminium products drops 24% in May (Adds details and quotes)

Japan tightens rules on support for overseas coal-fired plants

09 Jul 2020

TOKYO The Japanese government on Thursday said it will tighten state-backed financing criteria for overseas coal-fired power plants after facing criticism over its support for the dirtiest fossil fuel

UPDATE 1-Japan July-Sept crude steel output to drop to 11-yr low on COVID-19 shock

08 Jul 2020

* Exports in July-Sept to hit the lowest since 2009 (Adds details and comments)

UPDATE 1-Some Japanese aluminium buyers agree Q3 premium at $79/T, down 3.7% from Q2-sources

06 Jul 2020

* Other buyers still in talks with producers (Adds details and quotes)

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