Business / Corporate 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 markets, ...

Business / Corporate 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 & ...

Business 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 damaged ...

Business / Corporate Jul 23, 2013

Steel maker reaches price hike pact

Kyodo Nippon Steel & Sumitomo Metal Corp. and Toyota Motor Corp. have agreed on a price hike for sheet metal in the April-September period of about ¥10,000 per ton, sources said Tuesday. The markup of roughly 10 percent from the preceding six-month period is the first ...

Steelmaker to halt Kimitsu blast furnace

Business / Corporate Mar 13, 2013

Steelmaker to halt Kimitsu blast furnace

Nippon Steel & Sumitomo Metal Corp. will halt operations at a blast furnace at its iron mill in Kimitsu, Chiba Prefecture, sources said Tuesday. The steelmaker is also considering postponing the start of operations, originally planned for this month, at its newly established furnace in ...