Page 5 - Nippon Steel

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

Covid-19: Nippon steel may hasten and extend restructuring measures

The group said in February it would shut nearly 10% of its production capacity

Nippon Steel to appeal against South Korean court allowing asset seizure

Japan's Deputy Prime Minister Taro Aso said that Tokyo would have to respond if the assets were seized but did not elaborate on what measures might be taken

ArcelorMittal Nippon Steel India EBITDA drops 23.5% to $107 mn in June qtr

ArcelorMittal, which holds 60% in AMNS India, said Covid-19 had severely disrupted domestic demand particularly in April

HC to hear AM/NS India petition on transfer of Hazira port licence tomorrow

AM/NS India had earlier this year applied to GMB for transfer of licence within days of acquiring Essar Steel (now AM/NS India) in a Rs 42,000 crore transaction under an insolvency process. But a deci

ArcelorMittal to invest Rs 2,000 cr in Odisha, says Lakshmi Mittal

Mittal said, the company would work on the two iron ore mines- Sagasahi and Thakurani in Odisha

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Covid-19 impact: AMNS India's March operations take a hit due to lockdown

The company said that it had moved to match production with the evolving orderbook; steel shipments for 2Q 2020 were expected within the range of 13.5 million tonnes to 14.5 million tonnes

Covid-19 impact: Steel firms to focus on exports till demand improves

For the next one to two months, the focus will be on a balance between domestic sales and exports, say experts

ArcelorMittal, Nippon sign $5.15 bn loan pact to refinance Essar Steel buy

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd.

ArcelorMittal- Nippon Steel in talks to buy 500 Mw Bhander power unit

Power plant crucial to make its 9.6 MT plant self-sufficient

ArcelorMittal, Nippon Steel bullish on India despite economic slowdown

The joint venture - 60 per cent held by ArcelorMittal and the balance by Nippon Steel - was renamed AM/NS India

ArcelorMittal-Nippon Steel participating in iron ore auctions in Odisha

CEO Dilip Oommen said any steel company has to securitise its sources of raw materials and AMNS is no different

ArcelorMittal-Nippon plans to take control of captive jetty at Hazira

ArcelorMittal-Nippon Steel say that this was a captive licence for the steel plant and the captive jetty should remain with the plant

Gruelling battle for 865 days: The making of Rs 42,000-cr Essar Steel deal

Getting to this point wasn't easy. The road was riddled with challenges as much for ArcelorMittal as it was for stakeholders

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

ArcelorMittal announced that Aditya Mittal, president and CFO of ArcelorMittal, had been appointed chairman of AM/NS India and Dilip Oommen, the CEO

Japan's Nippon Steel to bolster overseas business, focus on Indian markets

Nippon Steel was intermittently the world's No.1 by market cap between 2013 and 2016, but its market cap now stand at $16.8 bn

Competition Commission clears Nippon Steel's 51% acquisition in Sanyo Steel

Competition watchdog CCI has cleared Japan-based Nippon Steel & Sumitomo Metal Corporation's acquisition of 51 per cent shareholding in Sanyo Steel. Besides, the regulator has approved transfer of 100 per cent shareholding in Ovako to Sanyo Steel. According to the CCI, Nippon Steel is based in Tokyo and is engaged in the business of manufacture and sales of tubes and pipes and auto parts in India and its presence in manufacture of these steel products is limited in the country. In a tweet on Monday, the CCI said it "approves acquisition of 51 per cent shareholding in Sanyo Special Steel by Nippon Steel & Sumitomo Metal; and transfer of 100 per cent shareholding in Ovako AB to Sanyo." Sanyo manufactures special steel and in India it has presence through its two subsidiaries namely, Sanyo Special Steel India and Mahindra Sanyo Special Steel Pvt Ltd. Mahindra Sanyo is a joint venture between Sanyo (51 per cent) Mahindra and Mahindra (29 per cent) and Mitsui and Co Ltd (20 Per ...

India will be world's fastest-growing steel market: Nippon Steel Executive

TOKYO (Reuters) - Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become "an insider" to capitalise on growth of the world's third-biggest steel market, a senior executive said.