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Nippon Steel & Sumitomo Metal Corp. (NSMMC)
Latest News
Furnace at Nippon Steel’s Kimitsu Works Damaged in Typhoon
11 September 2019 - Nippon Steel Corp. has temporarily idled a steelmaking unit at its Kimitsu Steel Works after a chimney collapsed during a typhoon on Monday, according to the Reuters news service.
Nippon Steel Plans Divestments to Raise Cash
15 July 2019 - Japan’s Nippon Steel Corp. plans to sell off as much as US$1.85 billion worth of assets to help pay for its acquisition of Essar Steel in India and other things, reports The Nikkei Asian Review.
Nippon Steel Names New President
10 January 2019 - Japan’s Nippon Steel & Sumitomo Metal Corp. has tapped executive vice president Eiji Hashimoto to lead the company come this spring.
Nippon Steel Slates Blast Furnace Reline, Coke Oven Overhaul
05 November 2018 - Nippon Steel & Sumitomo Metal Corp. said it plans to spend the equivalent of US$812.6 million to reline a blast furnace at a steel works in northern Japan and refurbish a coke oven battery in southern Japan.
Nissan to Expand Use of Advanced High-Strength Steel
21 June 2018 - Nissan Motors Co. Ltd. said it plans to use more advanced high-strength steel in its vehicles and aims to have the material account for 25% of components by weight.
NSSMC Takes a New Name – and New Orders, It Hopes
17 May 2018 - Japan’s Nippon Steel & Sumitomo Metal Corp. (NSSMC) is changing its name and will take a full stake in an affiliated company as it looks to reposition itself in the Pacific region and reclaim sales lost to Chinese competitors, reports the Nikkei Asian Review.
Japan's Largest Steelmaker Extends International Reach With Ovako Acquisition
15 March 2018 - Nippon Steel & Sumitomo Metal Corp. (NSSMC) is acquiring Swedish specialty steelmaker Ovako AB for an undisclosed amount.
ArcelorMittal Tag-Teams With Japanese Steelmaker on Essar Bid
02 March 2018 - ArcelorMittal is partnering with Nippon Steel & Sumitomo Metal Corp. (NSSMC) to acquire Essar Steel India Ltd., the steelmaker said on Friday.
Report: Steel Giants Team Up in Bid for Indian Manufacturer
29 January 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times.
Nippon Steel President Doesn't Discard Possibility of New Asian Integrated Plant
02 October 2017 - Although Nippon Steel & Sumitomo Metal Corp. president Kosei Shindo has said the company would stay away from building new integrated plants, it isn’t ruling out the possibility.
ArcelorMittal JV Upgrades Automated Coil Transport System
16 August 2017 - ArcelorMittal is investing US$5 million to replace unmanned carts that move coils at its I/N Tek and I/N Kote joint-venture plants in Indiana, reports The Times newspaper of northwest Indiana.
Plate Mill Restarts After Seven-Month Outage
08 August 2017 - Nippon Steel & Sumitomo Metal Corp. has restarted the plate mill at its Oita Works more than seven months after a fire burned up an electrical room, the company has announced.
With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas
22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).
Zekelman Industries Finalizes Acquisition of Western U.S. Tubemaker
20 February 2017 - Zekelman Industries has closed on its acquisition of Western Tube & Conduit Corp. from Japan’s Nippon Steel & Sumitomo Metal Corp. and minority shareholders, the company has announced.
Fire Puts Japanese Plate Mill Out of Commission For Eight Months
18 January 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility.
Nippon Steel Asks for Production Help Following Fire
13 January 2017 - Nippon Steel & Sumitomo Metal Corp. has asked competitors for help in meeting orders after a fire damaged its heavy plate mill in western Japan.
Brazil's CSN Looks to Part Ways With Usiminas
13 July 2016 - Brazil’s Cia Siderúrgica Nacional SA said it will sell its stake in rival Usiminas, but only after it minimizes losses on its investment in the business, the company said Wednesday, reports the Reuters news service.
Japanese Steelmaker Says It Has Created a New Steel That's 25% Stronger
07 July 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. says it has developed an automotive sheet steel with a tensile strength of 1,470 megapascals, stronger than any similar product on the market at present, reports the Nikkei Asian Review magazine.
Break-Up of Brazil's Usiminas an Option, Says Executive
06 July 2016 - One way to end the dispute between Brazilian steelmaker Usiminas’ controlling shareholders might be break apart the company, a top executive of one the shareholders said, according to the Reuters news service.
Nippon Steel Marks Start of Construction on U.S. Processing Plant
22 June 2016 - Nippon Steel & Sumitomo Metal Corp. has broken ground on a US$50 million wire rod processing plant in the state of Indiana.
