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April 30, 2024
 

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NIPPON STEEL

Japan Times
JAPAN / Politics
Jan 9, 2019
Japan seeks talks with South Korea on asset seizure after forced labor ruling
The Foreign Ministry summons South Korea's ambassador after a South Korean court approved the seizure of Nippon Steel assets for failing to comply with a court order on wartime forced labor.
Japan Times
JAPAN / Politics
Jan 6, 2019
Abe orders Japanese ministries to prepare response to asset seizures in South Korea following ruling on forced labor case
Prime Minister Shinzo Abe directs ministries to plan moves after plaintiffs in South Korea take legal steps to seize the local assets of a Japanese steel-maker.
JAPAN / Crime & Legal
Jan 2, 2019
South Korean forced labor plaintiffs seek Nippon Steel asset seizure
Lawyers representing South Korean plaintiffs in a wartime forced labor case said they have launched procedures to seize South Korean assets of Japanese steelmaking giant Nippon Steel & Sumitomo Metal Corp., according to an official statement released Wednesday.
Japan Times
JAPAN
Dec 24, 2018
Civic group proceeds with seizure of Nippon Steel assets in S. Korea over forced labor ruling, after firm ignores deadline
A civic group supporting South Korean plaintiffs who secured a ruling against Nippon Steel & Sumitomo Metal Corp. over wartime forced labor has said it will proceed with steps to seize the steel giant's South Korean assets after the firm ignored a Dec. 24 deadline.
Japan Times
JAPAN
Dec 4, 2018
Lawyers in South Korean wartime labor case set deadline for response from Nippon Steel & Sumitomo Metal
Lawyers representing South Korean plaintiffs in a World War II labor court case against Japan's Nippon Steel & Sumitomo Metal Corp. have set a Dec. 24 deadline for the firm to show willingness to discuss a court verdict on compensation.
Japan Times
JAPAN
Nov 12, 2018
South Korean lawyers representing wartime laborers rebuffed by Nippon Steel in Tokyo
Their attempt to sit down with the mill's executives in Tokyo did not go well.
BUSINESS / Companies
Aug 14, 2018
Nippon Steel to boost output of automotive flat sheets in Indonesia
Nippon Steel & Sumitomo Metal Corp. will step up local production of automotive flat steel products in Indonesia to meet growing demand from Southeast Asia's largest auto market.
Japan Times
BUSINESS / Companies
May 16, 2018
NSSMC to change name to Nippon Steel next year as it prepares for global competition
Nippon Steel & Sumitomo Metal Corp. (NSSMC) will change its name to Nippon Steel Corp. next April as the group pushes ahead with streamlining, the company said.
Japan Times
BUSINESS
Mar 2, 2018
Stocks plunge as Trump says U.S. will impose 25% tariffs on steel, 10% on aluminum imports
U.S. President Donald Trump said on Thursday the United States would impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week.
Japan Times
BUSINESS
Aug 24, 2017
Toyota, steel makers agree to cut sheet prices as coal cools off
Toyota Motor Corp. has agreed with major steel makers to lower the price for steel sheet from April to September, the first price cut in 18 months, sources close to the talks said.
Japan Times
BUSINESS / Companies
May 30, 2017
Steel giant trying to get with it in Shibuya to woo young Japanese talent
Convincing teenagers in Japan that working for a giant 116-year-old manufacturer is a sexy career choice seems like a tough sell. It's even more difficult if the target audience can't figure out the company's name.
JAPAN
May 26, 2017
Vehicle burns up at steel plant in Oita
An unmanned work vehicle burned up early Friday at a steel plant of Nippon Steel & Sumitomo Metal Corp. in Oita, firefighters and police said.
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
Oct 11, 2016
Nippon Steel's tough year raises threat of Japan trade barriers
A difficult year just keeps getting tougher for Japan's steelmakers, raising the possibility that the world's second-biggest producer could join the ranks of nations that have raised trade barriers to cheaper imports.
JAPAN
Aug 24, 2016
Seoul court orders Japan steelmaker to pay redress to wartime forced laborer
A South Korean court has ordered Nippon Steel & Sumitomo Metal Corp. to pay 100 million won (about ¥8.9 million) in reparations to the family of a South Korean man forced to work for one of its predecessor companies during wartime.
Japan Times
BUSINESS / Companies
Aug 5, 2016
Steel king NSSMC cedes crown to Arcelor as yen soars
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.
BUSINESS / Companies
May 16, 2016
Nippon Steel to take control of Nisshin to weather China glut
Nippon Steel & Sumitomo Metal Corp., Japan's largest steel maker, said it will take majority control of the nation's No. 4 mill, Nisshin Steel Co., as the industry consolidates in the face of a global supply glut.
BUSINESS
Mar 3, 2016
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.
Japan Times
BUSINESS / Companies
Feb 1, 2016
Nippon Steel to buy Nisshin Steel to gird against fallout from China slump
Japan's biggest steel maker, Nippon Steel & Sumitomo Metal Corp. says it will buy rival Nisshin Steel Co. in an attempt to withstand deteriorating conditions in the industry triggered by China's economic slowdown.
JAPAN / Crime & Legal
Nov 13, 2015
Korean court orders Japanese steel maker to compensate forced wartime laborers
A South Korean court on Friday ordered Nippon Steel & Sumitomo Metal Corp. to compensate seven Koreans who were forced to work at one of its predecessor companies during the war a total of 700 million won (about ¥74 million).
When will Japan intervene to support the yen?
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
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Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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