Tag - steel

 
 

STEEL

A JFE Steel plant in the city of Chiba. JFE Steel plans to buy more coking coal on the spot market to increase the liquidity of the market and to reflect true demand and supply.
BUSINESS / Companies
Dec 29, 2023
Japan's JFE takes new tack to tame volatile coking coal prices
Japan's No.2 steelmaker plans to buy more coking coal from the spot market to boost activity and make prices more transparent.
The U.S. Steel Clairton Coke Works in Clairton, Pennsylvania. U.S. President Joe Biden's top economic advisor said the purchase of the firm by Nippon Steel deserves serious scrutiny, in the latest sign of political pressure over the deal.
BUSINESS / Companies
Dec 22, 2023
Nippon-U.S. Steel deal deserves 'serious scrutiny,' White House says
The White House said it views a strong domestic steel industry as vital to the U.S. economy and national security.
United States Steel's Irvin Plant along the banks of the Monongahela River across from Glassport, Pennsylvania, in August
BUSINESS / Companies
Dec 19, 2023
Nippon Steel defends buying U.S. Steel at premium in global push
The American steelmaker has been considering potential transactions since mid-August, after rejecting an offer from rival Cleveland-Cliffs.
Nippon Steel has dropped lawsuits against Toyota and Mitsui & Co. over electrical steel sheet patents.
BUSINESS / Companies
Nov 3, 2023
Nippon Steel drops patent lawsuits against Toyota and Mitsui
Having two of Japan's manufacturing giants locked in a rare court battle signified the high stakes involved in materials production.
An employee operates at a production facility of Zaporizhstal Iron and Steel Works, in Zaporizhzhia, Ukraine, this month.
BUSINESS / Companies / ANALYSIS
Oct 27, 2023
Ukraine's once-mighty steel sector choked by export blockade
Until producers can get steel to markets via the Black Sea, where Russia continues to pose a threat to shipping, there is little prospect of recovery.
Valdis Dombrovskis, trade commissioner for the European Union, at the annual meetings of the International Monetary Fund and World Bank in Marrakesh, Morocco, on Oct. 13.
BUSINESS / Economy
Oct 21, 2023
EU says lack of U.S. clarity on tariffs sank trade announcement
Valdis Dombrovskis, an executive VP at the European Commission, said the U.S. had previously agreed to work toward removing the measures.
BUSINESS
Jun 12, 2023
Major Japanese steelmakers face high bar for decarbonization
Carbon dioxide emissions from the steel industry account for roughly 50% of the total from the domestic industry sector.
Japan Times
BUSINESS / ANALYSIS
Mar 28, 2023
Recycling offers hope to safeguard net zero goals despite soaring metal demand
Concerns are currently growing about the environmental impacts of mining and producing metals required for clean technologies, from damage to biodiversity to rising emissions.
Japan Times
BUSINESS
Mar 4, 2023
Toyota and Nippon Steel agree on price hike for first half of fiscal year
Under the agreement, the prices of steel materials that Toyota will supply to affiliated parts suppliers is expected to increase by about ¥10,000 per ton.
BUSINESS
Mar 3, 2023
Japan’s top steelmaker eyes $700 million ‘green steel’ project
Nippon Steel is looking at Australia and Brazil, where high-grade iron ore is accessible along with cheaper electricity than in Japan, for its new plan.
Japan Times
BUSINESS
Dec 27, 2022
Modi’s building boom setting up India as global steel savior
Poised to overtake China as the world's most populous country next year, India is in the midst of a building boom.
Japan Times
BUSINESS / Economy
Dec 10, 2022
WTO says Trump’s metals tariffs broke rules as U.S. rejects findings
The 25% tariffs on global steel imports and 10% import taxes on global aluminum violated basic WTO rules, a dispute-settlement panel said.
Japan Times
BUSINESS / Companies
Dec 6, 2022
Nippon Steel and JFE may further boost output of niche steel for electric vehicles
Electrical steels have enhanced magnetic properties and help limit energy loss in EV motors, and are also used in power-generation equipment and mobile phones.
Japan Times
BUSINESS / Companies
Sep 2, 2022
Steel price hikes to impact Japan’s manufacturers as costs surge
The latest round of price negotiations in Japan comes as the global market takes a hit from the slump in China, which makes more than half of the world's steel.
Japan Times
BUSINESS / Companies
Aug 29, 2022
JFE may build electric arc furnace to replace older facility in western Japan
The move comes as steel-makers around the world are under pressure to cut emissions to tackle climate change.
Japan Times
BUSINESS / Markets
Jun 7, 2022
Biden’s trade plan to kickstart U.S. solar fails to win over industry
The president is facing challenges when it comes to supporting domestic manufacturers without alienating the companies that rely on low-cost imports.
Japan Times
BUSINESS / Companies
May 27, 2022
Japan steel giant warns more hikes coming for cars and appliances
Nippon Steel will need to pass on the sharp cost increases for inputs such as iron ore and coking coal 'promptly and fairly,” an executive has said.
Japan Times
BUSINESS
May 16, 2022
Weaker yen and supply chain chaos prompt Japanese manufacturers to head home
Among those moving manufacturing to Japan are makers of everything from auto parts to cosmetics and consumer electronics, a Tokyo Steel Manufacturing Co. executive has said.
Japan Times
BUSINESS
Apr 14, 2022
Japanese steel-makers raising prices and warning of more hikes
The prices of the two main inputs for steel production — iron ore and coal — have risen as Russia's invasion of Ukraine exacerbated supply shortages.
Japan Times
BUSINESS / Companies
Feb 25, 2022
Russia-Ukraine conflict pushes Nippon Steel to tap alternative sources of iron ore
About 14% of Nippon Steel's iron ore pellet feedstock currently comes from Russia and Ukraine, Takahiro Mori, the firm's executive vice president, said in an interview.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past