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Nippon Steel fights for control of Brazil affiliate

The standoff over boardroom appointments at Usinas Siderurgicas de Minas Gerais has been resolved but the ongoing fight for control of the Brazilian steelmaker spells trouble for main stakeholder Nippon Steel & Sumitomo Metal. Usiminas, as the company is known, ...

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Two Japanese steel titans plans to expand in Indonesia

These two Japan based steel titans are investing a total sum of 450 million dollars for the establishment of peculiar steel factories. NSSMC is planning to join with Krakatau Steels, Indonesia’s largest steelmaker, to produce automotive flat steel in Indonesia, ...

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Nippon Steel seeks negotiated end to partner dispute in Usiminas

Nippon Steel & Sumitomo Metal Corporation is seeking a negotiated end to a dispute with a partner over their interests in Usinas Siderúrgicas de Minas Gerais SA, the latest chapter in a rift over control of Brazil’s largest listed flat ...

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Nippon Steel seeks negotiated end to partner dispute in Usiminas

Nippon Steel & Sumitomo Metal Corp is seeking a negotiated end to a dispute with a partner over their interests in Usinas Siderúrgicas de Minas Gerais SA, the latest chapter in a rift over control of Brazil’s largest listed flat ...

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Nippon Steel H1 profit inches up on low iron ore costs

Nippon Steel & Sumitomo Metal Corp <5401.T>, Japan’s biggest steelmaker, said on Thursday its first-half recurring profit rose 1.5 percent as lower material costs boosted margins and offset appraisal losses on its high-priced stockpiles.   The world’s No.2 steelmaker by ...

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