02
Aug
12:28
Nippon restructures Ovako, Sanyo into global special steelmaker
Japan’s Nippon Steel and Sumitomo Metal Corporation (Nippon Steel) is in the process of restructuring its newly acquired special steel subsidiaries into a single entity. By the end of the current financial year Nippon Steel plans to operate almost 5 million tonnes/year of special steel capacity and achieve JPY 10 billion ($89 million) in efficiencies, Kallanish notes.
The re-jig will see Nippon Steel end up with a 51% stake in Sanyo Special Steel, which in…
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Anonymous
Very good overview of the weekly steel market.
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