Edition:
India

Yuka Obayashi

Nippon Steel may cut more blast furnaces to reduce costs

08 Dec 2019

TOKYO 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.

Asian refiners strive to finish IMO preparations in hunt for profits

01 Dec 2019

ULSAN, South Korea/ICHIHARA, Japan At SK Energy's largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month.

Japan clears restart at nuclear reactor closest to epicenter of 2011 quake

27 Nov 2019

TOKYO Japan's Tohoku Electric Power said on Wednesday it has won initial regulatory approval to restart a reactor at its Onagawa power plant, more than 8 years after it was damaged in the earthquake and tsunami that caused the Fukushima disaster.

UPDATE 1-Japan Oct crude steel output dips for 4th month as some plants remained shut

21 Nov 2019

* Drop reflects plant suspensions due to typhoon and fire (Adds details)

Japan steelmakers cut profit forecast as weak Asian markets trim margins

12 Nov 2019

TOKYO The top three Japanese steelmakers reduced their annual profit forecasts this month as slumping steel prices in Asia eroded their export margins while slower auto demand overseas and falling usage in machinery at home forced them to cut output.

After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond

07 Nov 2019

SINGAPORE/TOKYO About three years ago, Japanese oil trading firm Petro-Diamond Singapore (PDS) relocated to a bigger office in the 41-storey Millenia Tower as parent Mitsubishi Corp started combining its Tokyo trade operation with that in the city state.

Mitsubishi to shut Singapore oil-trading unit after unauthorised losses

07 Nov 2019

TOKYO/SINGAPORE Mitsubishi Corp , Japan's biggest trading group, said on Wednesday it would shut its Singapore-based crude oil and fuel trading unit after revelations in September that a trader there racked up enormous unauthorised trading losses.

RPT-After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond

07 Nov 2019

SINGAPORE/TOKYO, Nov 6 About three years ago, Japanese oil trading firm Petro-Diamond Singapore (PDS) relocated to a bigger office in the 41-storey Millenia Tower as parent Mitsubishi Corp started combining its Tokyo trade operation with that in the city state.

UPDATE 1-Japan July-Sept crude steel output falls to lowest in 10 yrs

23 Oct 2019

* Delayed construction projects slow output at electric-arc furnaces (Recasts with quarterly data, comments and background)

UPDATE 1-Japan Q4 aluminium premiums fall amid ample supplies and soft demand

27 Sep 2019

* Producers come down from initial offers of $105-115/T (Adds quotes and background)

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