Oct 29, 2015

Japan's top steel mills slash profit forecasts on China glut

Nippon Steel & Sumitomo Metal Corp. and JFE Holdings Inc. cut their profit forecasts for the year as the nation’s top two producers respond to a global supply glut spurred by unprecedented Chinese exports. Japan’s steel companies are battling against falling prices on export ...

Steel-makers target high-end market in Asia

Dec 2, 2013

Steel-makers target high-end market in Asia

Japanese steel-makers are expanding into high-end product markets in Southeast Asia in order to survive fierce competition with their Chinese and South Korean rivals. Supply of ordinary steel products exceeds demand in the member economies of the Association of Southeast Asian Nations, due to ...