Tag: Japan

According to new full-year figures from the International Molybdenum Association, the global use of molybdenum has rocketed to a new high of 474 million lbs, exceeding the peak use of 470 million lbs in 2007. China had the greatest demand for molybdenum in 2010;

Sumitomo Metal Industries, Ltd. (Sumitomo Metals) has revealed its estimate of the loss caused by the earthquake that hit eastern Japan on 11 March 2011. The impact on ordinary income was mainly caused by a decrease in sales as a result of production disruption in Kashima Steelworks. Sumitomo Metals’ consolidated ordinary income is estimated to be reduced by JPY 2 billion for the fiscal year ended 2011 March 31.

Sumitomo Metals Group will donate JPY 200 million to aid relief and recovery efforts in the aftermath of the earthquake that hit the Tohoku District Pacific Offshore region of Japan on 11 March 2011.

Kobe Steel’s Chinese headquarters will open on 1 April 2011. Kobelco (China) Holding Co., Ltd., as the company will be called, is the first headquarters established in China by a Japanese steelmaker. Based in Luwan, Shanghai, the wholly-owned subsidiary of Kobe Steel is capitalized at USD 50.14 million.

The Sumitomo Metals Group’s steelworks and manufacturing facilities are all operating normally with the exception of Kashima Steelworks, where the entire production lines have been suspended.

The KCI Publishing family wishes to express our condolences and extend our support to all of our friends, colleagues and customers in Japan.

There’s a textbook example of clarity to be found on the cover of the August issue of Stainless Steel World.

POSCO and Nissan Motor Co. will build a processing plant at Kawasaki in Japan to make automotive and stainless steel.