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ArcelorMittal (The Company) has signed a joint venture formation agreement with Nippon Steel & Sumitomo Metal Corporation (NSSMC) in relation to its offer to acquire Essar Steel India Limited (Essar Steel). The Company’s subsidiary ArcelorMittal India Private Limited (AMIPL) submitted a Resolution Plan for Essar on 12 February, which outlined the intention to have NSSMC …
In January 2011, Nippon Steel and Sumitomo Metal Corporation (NSSMC) (Representative Director and President: Kosei Shindo) and Tata Steel Limited (TSL) (Managing Director: T.V. Narendran) agreed to form Jamshedpur Continuous Annealing & Processing Company Private Limited (JCAPCPL), a joint venture company for manufacture and sale of automotive cold-rolled sheets. Construction of a plant soon followed. …
～Revamp the No.2 Metal Coating Line of NS BlueScope Thailand～ NS BlueScope Thailand, a company of NS BlueScope Coated Products which is a joint venture of Nippon Steel & Sumitomo Metal Corporation(President：Kosei Shindo, hereinafter “NSSMC”) and BlueScope Steel Limited, Australia (CEO: Paul O’Malley, hereinafter “BSL”) focusing on coated products (hot-dip galvanized steel sheets, painted steel …
Nippon Steel & Sumitomo Metal Corporation was established on October 1, 2012 by a merger of Nippon Steel and Sumitomo Metals. I believe that we have made an excellent start and a steady progress in the first 18 months, toward our aim of becoming the “Best Steelmaker with World-leading Capabilities.” I would like us to …
In the Middle Eastern & African regions, there are expectations of the medium and long-term growth of steel demand, chiefly for oil-country tubular goods and line pipe in the exploration of energy sources, as well as for other steels for infrastructure. To broaden our firsthand information gathering capacity, and to secure a business base for …
Nippon Steel & Sumitomo Metal Corporation (“NSSMC”, head office: Chiyoda-ku, Tokyo; Chairman & CEO: Shoji MUNEOKA) and Mitsui & Co., Ltd. (“Mitsui”, head office: Chiyoda-ku, Tokyo; President & CEO: Masami IIJIMA) are pleased to announce that Robe River Iron Associates (“Robe River J/V”, Rio Tinto 53%, Mitsui 33%, NSSMC 14%) has agreed to invest in …
International Crankshaft Inc. (“ICI”), a joint-venture subsidiary of Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) and Sumitomo Corporation (“Sumitomo Corp.”) that forges crankshafts in the U.S., decided to build a new forging press line. The car sales in North America are expected to grow by 7% for the next five years. Japanese and Korean automakers …
Luxembourg, Friday 29 November 2013 – ArcelorMittal today announces that it has entered into a 50/50 joint venture partnership with Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) to acquire 100% of ThyssenKrupp Steel USA (“TK Steel USA”) from ThyssenKrupp for an agreed price of US$1,550 million. TK Steel USA is a steel processing plant situated …
Concentration of Production Bases/Unified Marketing of Specialty Stainless Steel Plate and Concentration of Production Bases of Titanium Plate Nippon Steel & Sumitomo Metal Corporation (Chairman & CEO: Shoji Muneoka, “NSSMC”) and Nippon Steel & Sumikin Stainless Steel Corporation (President: Hitoshi Ito, “NSSC”), relative to specialty stainless steel plate, with a view to structuring an optimum …
Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) and Baoshan Iron & Steel Co., Ltd. (“Baosteel”) have been planning to construct the fourth hot-dip galvanizing line at a site neighboring the existing lines in BNA (Baosteel-NSC Automotive Steel Sheets Co., Ltd.), the joint venture between Baosteel and NSSMC, which operates within the compound of Baosteel in …