Nippon Steel & Sumitomo Metal Corp (5401.T)
18 Aug 2017
Wed, Aug 9 2017
TOKYO Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, expects China's steel prices to remain elevated throughout the year as Beijing's infrastructure spending boosts local construction demand, a senior company official said.
* Nippon Steel forecasts 72 pct jump in annual profit, JFE 136 pct
SAO PAULO A Brazilian judge has ruled against Nippon Steel & Sumitomo Metal Corp's request to dismiss a lawsuit by Brazil's Usinas Siderúrgicas de Minas Gerais SA against a Nippon Steel-backed executive, deepening a dispute over control of the steelmaker.
TOKYO Japan's top steelmaker Nippon Steel & Sumitomo Metal is considering measures to counter volatile coking coal prices, such as contracts of varying lengths and seeking out supply sources outside of Australia, its senior official said.
SAO PAULO Nippon Steel & Sumitomo Metal Corp wants to implement a system to alternate command at Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA with fellow controlling shareholder Ternium SA, a senior executive said on Tuesday.
* Aims for higher FY17/18 pft on steady steel demand, cost cuts
TOKYO, April 28 Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, said on Friday its recurring profit slid 13 percent for the year ended March as higher prices for coking coal, a vital steelmaking ingredient, bit into profit margins.
TOKYO Nippon Steel & Sumitomo Metal Corp plans to raise prices of its steel products by about 5,000 yen per tonne in the April-September half to reflect rising costs of materials and distribution, its president said on Friday.