Nippon Steel & Sumitomo Metal Corp (5401.T)
17 Jul 2018
Mon, May 21 2018
TOKYO Strong global demand has helped cushion the impact on Nippon Steel & Sumitomo Metal Corp of new U.S. import duties, but Japan's top steelmaker remains worried Washington's trade barriers could lead to a glut in Asia, a much bigger market for the company.
* Nippon Steel FY17/18 profit up 71 pct, JFE profit jumps 155 pct
TOKYO, April 26 Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, aims to boost crude steel output by 3 to 6 percent in the year through March 2019 from the previous year, when system trouble and typhoons caused slow production, its executive said on Thursday.
* SAYS SIGNS SHARE PURCHASE AGREEMENT WITH NIPPON STEEL AND SUMIMOTO METAL CORP
TOKYO Nippon Steel & Sumitomo Metal Corp , Japan's biggest steelmaker, will raise domestic capital spending by 35 percent over the next three years to upgrade aging plants and triple its investment budget to step up global expansion.
ArcelorMittal SA , the world's largest steelmaker, said on Friday it would form a joint venture with Japan's Nippon Steel & Sumitomo Metal Corp to bid for bankrupt steelmaker Essar Steel India Ltd.
* Company submitted a bid last month to partner with Nippon Steel
BRIEF-Nippon Steel President: Worried That One-Way U.S. Import Curb Would Have Big Impact On Global Steel Trade
March 2 Nippon Steel & Sumitomo Metal Corp President Kosei Shindo:
TOKYO, March 2 Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, said on Friday it planned to earmark a total 1.7 trillion yen ($16 billion) for domestic capital spending over the next three years to upgrade and reinforce ageing plants.
BRIEF-ArcelorMittal to form JV with Nippon Steel & Sumitomo Metal in relation to offer to buy Essar Steel India
* AGREEMENT BETWEEN ARCELORMITTAL AND NSSMC REGARDING JOINT VENTURE TO ACQUIRE ESSAR STEEL INDIA LIMITED