Metal Center News
Minimize
  
2-2011 News
Minimize

Merger of Japanese Giants Would Create World’s No. 2 Steelmaker

Japan’s Nippon Steel Corp. and Sumitomo Metal Industries Ltd. are considering combining their two companies. A merger between the two Japanese producers would create the world’s second largest steel company with a capacity of nearly 40 million tons. Nippon Steel is currently the world’s fourth-largest steel producer with more than 30 million tons of capacity.

The two companies, Japan’s first and third largest steelmakers, initially entered an alliance in 2002, which strengthened their mutual supply of semi-finished products and allowed for some consolidation of their subsidiaries. But “confronted with the changes in the business environment surrounding the steel industry, the companies have come to share the understanding that it is crucial to further strengthen their mutual relationship,” a release from Nippon Steel says.

According to the release, the companies are considering the merger to support their efforts to supply growing steel demand in emerging markets, to enhance their ability to improve the quality of their steel products and to better position themselves to procure raw materials.

The two companies hope to execute a merger agreement by April, to be finalized by Oct. 1.

  

From the Editor's Desk
Minimize
July 2015: Did Auto, Aluminum Makers Act Too Soon?
More...
 
Pause
Business Practices and Technologies
Minimize
July 2015: Dey: Base Business on Fundamentals, Not Tomorrow’s Price Forecast
More...
Summer 2014
More...
 
Pause
New Products
Minimize
Behringer Saws: HBE Series Features Automatic Adjustments
More...
Trumpf: TruLaser Increases Productivity
More...
Mazak Optonics Corp, new OPTIPLEX Fiber laser-cutting series with Zeta 9
More...
Cosen Saws: CNC-430, a fully automatic programmable band saw
More...
Pat Mooney: Danobat Band Saw Has Zone Cut Technology
More...
Red Bud Industries, Offers Heavy-Gauge Slitters
More...
 
Pause
Directories
Minimize
Metal Center News Directories: Print or Digital copies are available for $85 U.S. for each copy.
 

 
Metal Distribution Directory  
(Not Published on This Web site)
Metal Center News' Spring Metal Distribution Directory is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.  



 
Directory of Master Distributors
(Not Published on This Web site)
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.



 
Directory of Toll Processors
(Not Published on This Web site)
Metal Center News' annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, August 31, 2015