Nippon Steel & Sumitomo Metal Corp (5401.T)
26 May 2017
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.
SAO PAULO, April 20 Executives at Usinas Siderúrgicas de Minas Gerais SA said on Thursday that Brazil domestic flat steel prices remain unsustainably high, which risks luring cheap imports and worsening a local glut of some products.
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.
TOKYO Nippon Steel & Sumitomo Metal, Japan's biggest steelmaker, expects steel prices in top consumer China to hold firm at least until its Communist Party congress late this year, amid solid demand that is underpinning coking coal and iron ore markets.
TOKYO Worries over U.S. President Donald Trump's protectionist policies are "growing every day", a senior executive at Nippon Steel & Sumitomo Metal Corp said, however, any impact on its U.S. steel exports would be limited.
* Oita plant fire to reduce FY16/17 profit by total 20 bln yen
SAO PAULO Nippon Steel & Sumitomo Metal Corp does not rule out discussing with partner Ternium SA an amendment of an existing shareholder accord giving them the possibility of exiting Brazilian steelmaker Usinas Siderúrugicas de Minas Gerais SA, a senior executive with the Japanese company said on Tuesday.