Jan 13, 2017

Nippon Steel asks rivals to supplement production after fire

Nippon Steel & Sumitomo Metal Corp. has asked rival makers to help produce steel products as its plant in western Japan remains offline after a fire there last week, a company official said Friday. In addition to drawing on its existing stock and alternative ...

Mar 3, 2016

U.S. slaps duties on cold-rolled steel from Japan, other nations

The U.S. Department of Commerce has preliminarily decided to impose antidumping duties on imports of cold-rolled steel products from Japan and six other countries after determining that several companies sold the products at less than fair value, the department said in a statement. The ...

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 ...

Dec 29, 2013

Small firms lack contingency plans for major earthquake in Tokyo

While major businesses are prepared to keep their head offices running if a huge earthquake strikes Tokyo, smaller businesses are lagging with their contingency plans, posing a threat to the supply chains of the big manufacturers. The Central Disaster Management Council says there is ...

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 ...

One dead, three hurt in blast at plant

Nov 25, 2013

One dead, three hurt in blast at plant

One person died and two others sustained injuries and were taken to a hospital after an explosion Monday at Nippon Steel & Sumitomo Metal Corp.’s Yahata plant in Fukuoka Prefecture, according to the local fire department. The man who was killed was in his ...