steel industry

Japan steel companies merge in bid to take on...
Nippon Steel President Shoji Muneoka, left, and Sumitomo Metal Industries CEO Hiroshi Tomono respond to reporters' questions on Sept. 22 in Tokyo. (Hiroshi Kawai)
The merger of Nippon Steel Corp. and Sumitomo Metal Industries Ltd. in October 2012 is designed to provide the impetus to make a concerted push into overseas markets.
JFE Steel abandons plan for blast furnace in Brazil
JFE Steel Corp. scrapped plans to build a blast furnace in Brazil because the strengthening real has cut the profitability of local manufacturing industries and cheap imported...
Steel industry hammered by quake
Friday's earthquake damaged this Sumitomo Metal Industries Ltd. mill in Kashima, Ibaraki Prefecture. (Provided by Sumitomo Metal Industries Ltd.)
Japan's crude steel production capacity could be cut by 20 percent because of damage to key steel mills in Friday's earthquake and tsunami.
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