Japan's top three steelmakers post red ink for April-June quarter
All three major Japanese steelmakers plunged into the red in the April-June quarter as the coronavirus crisis led automakers and other clients to suspend production, dragging down demand. JFE Holdings Inc. reported a group net loss of ¥39.1 billion on sales of ¥743.9 billion, down ...
Japan’s steel woes set to be laid bare as top mills give updates
The coronavirus pandemic has seen steel mills across the country reduce or halt production.
Major Japanese steel-maker JFE Steel acquires 50% stake in Chinese rival
Major Japanese steel-maker JFE Steel Corp. has acquired a 50 percent stake in a unit of China's top steel-maker, China BaoWu Steel Group Corp., and will start making high-grade specialty bar steel for Japanese automakers in China. JFE will inject 690 million yuan (¥10.64 billion; ...
JFE Steel and Chugoku Electric scrap plan for coal-fired power plant near Tokyo
JFE Steel Corp. and Chugoku Electric Power Co. abandoned plans to develop a coal-fired power plant near Tokyo that had drawn scrutiny from a government official. The companies will consider building a natural gas-fired power plant instead, they said in a statement Thursday. The originally ...
U.S. trade body says steel product from Japan, other nations 'injured' industry
The U.S. International Trade Commission has said it has determined that imports of a steel product from Japan and seven other economies and sold in the United States at less than fair value have "materially injured" the U.S. steel industry and antidumping duty orders ...
U.S. slaps duties on cold-rolled steel from Japan and 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 products ...
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 markets, ...
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 integrated ...
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 damaged ...
JFE Engineering to build ¥14.8 billion biomass plant in Aichi
JFE Engineering Corp. and partners have won an order to build a biomass plant for Toyohashi, Aichi Prefecture. The ¥14.8 billion plant will use sewage and food waste to generate power, JFE Engineering said Thursday. JFE has a 60 percent stake in a company that will ...
