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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,615JPY
18 Aug 2017
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Wed, Aug 9 2017

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Nippon Steel expects high China steel prices throughout 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.

Japan steelmakers see solid profit growth on product price hike

* Nippon Steel forecasts 72 pct jump in annual profit, JFE 136 pct

Nippon Steel loses bid to protect former Usiminas CEO from lawsuit

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.

Nippon Steel looks to mixed-length deals, new suppliers to buffer coal volatility

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.

Nippon Steel calls for command to alternate at Brazil's Usiminas

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.

UPDATE 2-Nippon Steel FY profit slips 13 pct on surging coal prices, but beats forecast

* Aims for higher FY17/18 pft on steady steel demand, cost cuts

Nippon Steel FY profit falls 13 pct, hurt by surging coal prices

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.

Nippon Steel plans to raise product prices by 5,000 yen/T in Apr-Sept

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.

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