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Latest Nippon Steel Corp. Stories

2009-01-23 16:05:34

Japan's Nippon Steel Corp. plans to slow crude steel production at two blast furnaces to cut output 15 percent through this fiscal year, sources said. The company's plans include shutting down the Oita Works and possibly the Kimitsu Works temporarily, The Yomiuri Shimbun reported Friday. With a sluggish global economy, JFE Steel Corp. also plans to cut output, reducing annual production by 4 million tons. In the fiscal year ending in March, Japan's five largest steel makers are trimming...

2008-10-02 18:00:22

Tokyo, Oct. 2 (Jiji Press)--Nippon Steel Corp. and Kobe Steel Ltd. said Thursday they will set up a joint venture to recycle steel dust and iron ore powder generated at steel mills. The joint venture, Nittetsu Shinko Metal Refine Co., will be established in mid-October with 70 pct owned by Nippon Steel and the rest by Kobe Steel. Nittetsu Shinko, to be located in Nippon Steel's Hirohata works in Himeji in the western Japan prefecture of Hyogo, will get a 20- billion-yen furnace to...

2008-09-30 18:01:06

Tokyo, Sept. 30 (Jiji Press)--Nippon Steel Corp. said Tuesday it will raise its stake in metal processing company Topy Industries Ltd. to 20 pct from 7.5 pct. The two sides also agreed to expand their business cooperation. Topy will allow Nippon Steel to use its electric furnaces and casting equipment. Based on current stock prices, Nippon Steel is seen to spend some 9 billion yen to buy Topy shares. Topy will spend nearly 3 billion yen to raise its stake in Nippon Steel to around 0.1...

2008-09-02 18:00:21

Reportlinker.com announces that a new market research report related to the Industrial equipment industry is available in its catalogue. World Pipes and Pipe/Hose Fittings Market http://www.reportlinker.com/p092526/World-Pipes-and-Pipe/Hose-Fittings-Market.html This report analyzes the worldwide markets for Pipes and Pipe Fittings in Millions of US$. The major product segments analyzed are Pipes (Aluminum, Cast Iron, Clay, Concrete, Polyethylene, PVC, Steel, & Miscellaneous), and...

2008-08-29 18:00:32

Tokyo, Aug. 29 (Jiji Press)--Nippon Steel Corp. said Friday that its fire-hit Yawata steelworks in the southwestern Japan city of Kitakyushu will resume full operations in mid-December. The July 29 fire is expected to cause a loss of some 200,000 tons in steel output. The company will take a range of measures to make up for the loss, including the utilization of inventories, curbs on exports and seeking help from partners Sumitomo Metal Industries Ltd. and Kobe Steel Ltd. , Hiroshi...

2008-07-31 18:00:38

Tokyo, July 31 (Jiji Press)--Three of Japan's four major steelmakers suffered profit declines in April-June, as their product price hikes failed to offset soaring costs to procure oil, coal and iron ore. The three are Nippon Steel Corp. , JFE Holdings Inc. and Sumitomo Metal Industries Ltd. . Kobe Steel Ltd. posted profit gains in the first quarter of fiscal 2008. All four enjoyed increased sales thanks to brisk global demand for steel. Following negotiations with such big users as...

2008-07-29 18:00:40

Tokyo, July 29 (Jiji Press)--Nippon Steel Corp. on Tuesday suspended operations at its Yawata steelworks in southwestern Japan following a fire at a coke plant, raising concerns about a possible impact on the Japanese automobile industry. The fire broke out early Tuesday morning at Yawata Works, which is located in Kitakyushu, Fukuoka Prefecture. Japanese steelmakers are running at full capacity in order to meet brisk demand, mainly from China. The Yawata mill produces about 4 million...

2008-07-09 21:00:25

Tokyo, July 9 (Jiji Press)--Nippon Steel Corp. said Wednesday that its Brazilian affiliate, Usiminas, will construct new steelworks with an annual output capacity of 5 million tons in the South American country. Usiminas, formally called Usinas Siderurgicas de Minas Gerais SA, will spend 5.7 billion U.S. dollars to build the facility, which will be located in the Santana do Paraiso district. The steelworks will have two blast furnaces, with one of them slated to go into operation in the...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'karpos', fruit.
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