US steel news sources and markets were abuzz on December 18 over Nippon Steel’s purchase of U.S Steel. The $14.9 billion investment represents a significant step in Nippon’s plan to expand its U.S. assets, and pushed the Japanese company from the fourth to the third-largest global steel producer. In total, it will now account for […]
Search Results for: japan
US, Japan to initiate talks on Section 232 steel, aluminum tariffs
The United States and Japan have agreed to initiate talks regarding the former’s Section 232 tariffs on Japanese steel and aluminum imports, Reuters reported this week. According to a report by AP, Japan’s industry ministry said Japan’s Industry Minister Koichi Hagiuda and U.S. Commerce Secretary Gina Raimondo attended the meeting. However, a ministry official said […]
Oil prices show caution in the face of growing Indian, Japanese infection rates
Cautious production increases by OPEC+ and a strong business cycle upturn have encouraged bullish sentiment about downward pressure on oil inventories and upward pressure on the oil price in the second half of the year, Reuters columnist John Kemp reports in a recent post. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, […]
This Morning in Metals: Rio Tinto joins Japan’s Green Value Chain Platform Network
This morning in metals news: miner Rio Tinto joined an effort in Japan promoting decarbonization transparency; the Nikkei Review reported automaker Nissan plans to use cobalt-free electric vehicle batteries by mid-decade; and British Prime Minister Boris Johnson weighed in on the Liberty Steel crisis. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
Japan’s steel sector faces numerous challenges, from COVID-19 to global overcapacity
Japan’s steel sector is facing tumultuous times. But, in the short term, there are initial signs of it pulling through in 2021. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report. Pandemic impacts on Japan’s steel sector The COVID-19 pandemic contributed to […]
Japan’s Kosei taps Rusal for new aluminum supply deal
One of the world’s leading producers of low-carbon aluminum, UC Rusal, announced a new collaboration with Japanese automotive component manufacturer Kosei, signifying yet another step in its over 30-year journey. Last week, the Russian aluminum giant Rusal said Kosei had selected it to be its global supplier of high-quality aluminum alloys. Does your company have […]
This Morning in Metals: Japan’s Steel Production Falls 1.9% in FY 2018
This morning in metals news, Japan saw its steel production fall over fiscal year 2018, the general counsel for the United States Trade Representative is leaving the administration and U.S. housing starts in March were down 14.2% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Japanese Steel […]
India Moves Past Japan into No. 2 Spot of Global Steel Producers
It was an expected development — so when it was announced, it did not come as much of a surprise to many in the steel sector in India (or even globally). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook An updated World Steel Association analysis of crude steel outputs by […]
Japan Taking Advantage of Woeful Domestic Aluminum Industry in India, Opening Alloy Plant
India is all set to get a new aluminum alloy unit, claimed to be the biggest so far. A Memorandum of Understanding (MoU) was signed recently between the Andhra Pradesh Economic Development Board (APEDB), a body of the Andhra Pradesh Government in southern India, and Japan’s Daiki Aluminium Industry, under which Daiki will invest up […]
This Morning in Metals: Japan Considers Retaliation Over Section 232 Tariffs
This morning in metals news, Japan is considering retaliation over the U.S.’s Section 232 metals tariffs, copper gains slowed in the face of a strengthening U.S. dollar, and South Korea initiated a complaint at the World Trade Organization (WTO) over the U.S. duties on solar cells and washing machines. Need buying strategies for steel? Try […]
