Sumitomo Metals
Latest News
Sumitomo Corp. to Acquire Edgen Group
01 October 2013 - Sumitomo Corporation (SC) and Sumitomo Corporation of America, Inc. (SCOA), collectively “Sumitomo,” and Edgen Group Inc. announced the signing of a definitive merger agreement whereby Sumitomo will acquire all outstanding shares of Edgen Group Inc. for US$12.00 per share in cash.
Report: Japanese Steel Industry to Build Hydrogen Blast Furnace
14 August 2013 - Nippon Steel & Sumitomo Metal Corp. and three other steel companies said they will construct an experimental hydrogen-fueled blast furnace to reduce carbon dioxide emissions, according to a report on Nikkei.com.
Nippon Steel Pipe India Begins Commercial Production
04 July 2013 - Nippon Steel Pipe India Private Limited has obtained approvals from customers for its automotive steel pipe and tube; commercial production began in June 2013.
Nippon Steel Pipe Mexico Commences Commercial Operations
02 July 2013 - Nippon Steel Pipe México, S.A. DE C.V. has completed the construction and commissioning of all its plant facilities and started commercial production in late May 2013.
Bloomberg: Automakers Spur $3 Billion Boom for Made-in-Mexico Steel
17 April 2013 - Mexico’s auto production has almost doubled since 2009. Now its steel industry is trying to catch up by spending almost US$3 billion on new and improved factories, Bloomberg reports.
New BlueScope and Nippon Sumitomo Metal Joint Venture Starts Up
28 March 2013 - BlueScope and Nippon Steel & Sumitomo Metal Corp. announced the official start-up of their US$1.36 billion coated products joint venture.
Kashima Steel Works Completes Full Restoration of Facilities Damaged by Japanese Earthquake
04 March 2013 - Nippon Steel & Sumitomo Metal Corp. has constructed a new gas holder to replace the one damaged by the Great East Japan Earthquake of 11 March 2011, completing the restoration of all the company’s production facilities damaged by the quake.
Nippon Steel & Sumitomo Metal Receives 2012 Top 100 Global Innovator Award
08 February 2013 - Nippon Steel & Sumitomo Metal Corporation (NSSMC) has received a Thomson Reuters 2012 Top 100 Global Innovator Award, which honors the world’s top 100 most innovative corporations and institutions.
Krakatau Steel and Nippon Steel & Sumitomo Metal to Establish Joint Venture in Indonesia
27 December 2012 - Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel have agreed to conduct a detailed study to jointly launch a business for the manufacture and sale of automotive flat steel products in Indonesia.
Tenova Strip Processing to Supply Two Process Lines to Southern Steel Sheet Corp.
12 October 2012 - Tenova Strip Processing has signed two contracts with Southern Steel Sheet Corporation, a joint venture of Vietnam Steel Group with Japan's Sumitomo and Malaysia's Federal Iron Works for the production of high quality galvanized and color coated coils.
WSP Holdings Announces Agreement to Sell Assets of Houston OCTG
02 October 2012 - China's WSP Holdings Limited announced it has entered into a definitive agreement with Southern Tube, an affiliate of Nippon Steel & Sumitomo Metal Corp., for the sale of certain assets of its wholly-owned U.S. subsidiary, Houston OCTG Group.
Nippon Steel & Sumitomo to Push Cost Cuts Amid Competition
02 October 2012 - Nippon Steel Corp., which formally combined on 1 October with Sumitomo Metal Industries Ltd., will push to accelerate cost cuts in a bid to become more competitive with steelmakers in China and South Korea, Bloomberg reports.
Nippon Steel and Sumitomo Metals Announce Expansion Project for Robe River Joint Venture in Western Australia
26 September 2012 - Nippon Steel Corporation and Sumitomo Metal Industries announced they have decided to invest to expand capacity at Cape Lambert by 70 million tons per year. They will also replace existing port facilities which are jointly operated with the Rio Tinto group in the Pilbara region of Western Australia.
Nippon Steel and Sumitomo Metals Announce Expansion Project for Robe River Joint Venture in Western Australia
26 September 2012 - Nippon Steel Corporation and Sumitomo Metal Industries announced they have decided to invest to expand capacity at Cape Lambert by 70 million tons per year. They will also replace existing port facilities which are jointly operated with the Rio Tinto group in the Pilbara region of Western Australia.
Sumitomo Metals to Make Capital Investment at U.S. Subsidiary Standard Steel
13 September 2012 - Sumitomo Metal Industries has decided to make a 5 billion yen (US$64.5 million) capital investment in its subsidiary Standard Steel in the United States.
Mukand and Sumitomo Establish Joint Venture for Longs Processing in India
17 August 2012 - India’s Mukand Limited and Japan’s Sumitomo Corporation have agreed to establish a joint venture company for the secondary processing of specialty steel long products in India. Mukand will hold a 60% interest in the company and Sumitomo will hold the remaining 40%.
Japanese Group Establishes Automotive Steel Pipe and Tube Joint Venture in Mexico
06 August 2012 - Nippon Steel Corporation, Sumitomo Pipe & Tube Co., Sumitomo Corporation, and Metal One Corporation have established a joint venture company in Mexico to build a manufacturing and sales base for automotive steel pipe and tubes, as demand is expected to grow significantly there in the future.
Sumitomo Metals Investing in Plate Mill in Thailand
30 July 2012 - Sumitomo Metal Industries has decided to take part in the Canadoil Group’s steel plate mill business in Thailand by investing in the group, which is currently constructing a new steel plate mill in the country, and providing technical assistance to the mill.
SSC Completes Construction of New Coil Center in Japan
26 July 2012 - SSC Co., Ltd. held an inauguration ceremony for its new coil center in the Tohoku region of Japan on 24 July 2012.
Sumitomo Acquires Coal Mining Interest in Australia
16 July 2012 - Sumitomo Corp. has acquired a 50% stake in the Isaac Plains coal mine joint venture in Queensland, Australia, for A$430 million.
