Nippon Steel and its subsidiaries are engaged in the manufacture and sale of steel products, chemicals, and nonferrous metals. Co.'s products include rails, sheet piles, H-beams, bars, heavy plates, hot-rolled sheets, cold-rolled sheets, tinplate, stainless steel, machine structural carbon... More
Sunday, Dec 12:35 AM
Sunday, Dec 12:35 AM| Comment!
- ThyssenKrupp (TYEKY, TYEKF) CEO Heinrich Hiesinger expects U.S. antitrust authorities to scrutinize his company's $1.55B sale of its troubled steel mill in Alabama to ArcelorMittal (MT) and Nippon Steel & Sumitomo Metal (NSSMY).
- "Considering the already dominant market position of ArcelorMittal in the U.S. (auto steel) market, it is likely that authorities will take their time to look into this transaction," Hiesinger said.
- ArcelorMittal doesn't expect to encounter problems getting the deal approved even though the company controls almost 40% of the market for North American auto steel.
Monday, Nov 212011, 7:38 PMJapanese stocks follow U.S. markets lower in early trading, with the Nikkei Average falling 1.1% to 8,261. Technology exporters and materials lead decliners: Nintendo (NTDOY.PK -3%, Advantest (ATE -1.3%), Canon (CAJ -1.6%), Nippon Steel (NISTF.PK -6.00%), Sumitomo Metal (SMMLF.PK -2.4%). |Monday, Nov 212011, 7:38 PM| Comment!
Monday, Oct 312011, 8:32 PM
Monday, Oct 172011, 8:11 PMJapanese stocks dip lower in early trading on the back of a weak overnight performance in U.S.and European markets. The Nikkei Average is currently down 1.54% to 8,756.84, with technology exporters leading to the downside: Sony (SNE -3.24%), NEC (NIPNF.PK -2.3%), Toshiba Corp. (TOSYY -2.9%). The selloff in commodities also hit metals shares: JFE Holdings (JFEEF.PK -2.84%) and Nippon Steel (NISTF.PK -2.66%). |Monday, Oct 172011, 8:11 PM| 1 Comment
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