In a recent press communication from Nippon Steel & Sumitomo Metal Corporation (NSSMC), notice was given regarding changes of the trade names of Nippon Steel & Sumitomo Metal Corporation and consolidated subsidiaries, and an amendment to the Articles of Incorporation of NSSMC.
A price increase of 10% for its seamless stainless steel pipes has been deemed necessary by NSSMC. The increase will offset the rising cost of electrodes used for manufacturing and higher personnel expenses resulting from increased production capacity.
Nippon Steel & Sumitomo Metal Corporation (NSSMC), Nisshin Steel Co., Ltd. (Nisshin Steel), Nippon Steel & Sumikin Bussan Corporation (NSSB), and Nihon Teppan Corporation (Nihon Teppan) have decided to transfer a portion of Nihon Teppan’s shares, held by NSSMC and Nisshin Steel, to NSSB and have NSSB make Nihon Teppan its subsidiary.
Nippon Steel & Sumitomo Metal Corporation (âNSSMCâ?) and Nisshin Steel Co., Ltd. (âNisshin Steelâ?) have agreed to conduct a share exchange effective as of January 1, 2019 wherein NSSMC will become a wholly owning parent company and Nisshin Steel will become a wholly owned subsidiary.
ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (‘NSSMC’) have announced that ArcelorMittal’s subsidiary ArcelorMittal India Private Limited (‘AMIPL’) has recently submitted an offer in the re-bidding process for Essar Steel India Limited (‘Essar Steel’) in connection with the joint venture between ArcelorMittal and NSSMC to jointly acquire and manage Essar Steel.
Stainless Steel World uses Functional, Analytical and Tracking cookies
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.