Steel king NSSMC cedes crown to Arcelor as yen soars

Aug 5, 2016

Steel king NSSMC cedes crown to Arcelor as yen soars

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Japan’s biggest steel maker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut. Nippon Steel & Sumitomo Metal Corp. has been overtaken as the world’s most valuable producer by Europe’s ...

Jul 24, 2016

Beijing slaps duties on Japan, EU, South Korea over steel imports

China said Sunday it has started imposing antidumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices. Duties on the materials, used in power transformers and electric motors, will range ...

May 18, 2016

U.S. affirms China and Japan cold-rolled steel dumping margins

The U.S. affirmed the level of dumping margins it found on cold-rolled steel imports from China, paving the way for permanent duties on the product used in cars and appliances. Dumping margins were 266 percent for Chinese imports and 71 percent for Japanese cold-rolled ...

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 ...

Sep 15, 2015

Tokyo Steel cuts prices as China drives supply glut

Tokyo Steel Manufacturing Co., Japan’s biggest steel maker from scrap iron, cut all of its monthly contract prices for the first time in almost a year as China’s overcapacity hurt its exports. The October price of H-beams used in building was cut to ¥70,000 ...

Aug 20, 2015

Toyota, steel makers agree to cut sheet prices

Toyota Motor Corp. and major steel makers have agreed to lower prices for steel sheet for the April-September period from the previous six months, marking the first price cut in a year, industry sources said Thursday. Toyota and the steel makers, including Nippon Steel ...

Jul 30, 2015

JFE announces participation in Vietnamese steel project

Japan’s JFE Steel Corp. said Thursday it will acquire a 5 percent stake in a large-scale Vietnamese steel plant project spearheaded by a Taiwanese steelmaker and will provide the project with technical support. JFE Steel is the first Japanese steelmaker to participate in an ...

Jul 23, 2015

China opens anti-dumping probe into Japan-made electrical steel

China said Thursday it has opened an anti-dumping investigation into imports of a grade of electrical steel from Japan, South Korea and the European Union. The Commerce Ministry said the probe is aimed at determining if the imports of grain-oriented flat-rolled electrical steel have ...

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 ...