International Steel Mills

NSSMC Changing Name to Nippon Steel Corp.
Written by Sandy Williams
May 18, 2018
Nippon Steel & Sumitomo Metal Corporation (NSSMC) announced on Wednesday that it will change its name to Nippon Steel Corporation effective April 1, 2019.
“NSSMC has determined to adopt a new and more inclusive trade name befitting a steelmaker with origins in Japan and an emphasis on continuing growth in global markets looking toward the future,” said the company.
The NSSMC name originated in October 2012 from the merger of Nippon Steel Corporation and Sumitomo Metal Industries, Ltd. NSSMC acquired a 51 percent share of Nisshin Steel in March 2017, and upon acquiring the remaining equity shares in May 2018 Nisshin became a wholly-owned subsidiary. NSSMC said it is also considering consolidating Sanyo Special Steel Co. as a subsidiary.

Sandy Williams
Read more from Sandy WilliamsLatest in International Steel Mills

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Opening briefs filed in Nippon/USS lawsuit vs. US government
Together, Nippon Steel, Nippon Steel North America, and U.S. Steel announced the filing of their opening brief in their litigation to invalidate the government’s decision to block their announced merger. The brief lays out “how President Biden made a predetermined decision for political reasons, not national security, causing CFIUS to engage in a sham review […]

Hyundai mulls building $6B sheet steel mill in southern US
Hyundai Motor Group is reportedly considering building a sheet steel mill just south of Baton Rouge, La.

CRU: Nippon Steel claims breakthrough in hydrogen use
Japan’s Nippon Steel says it has achieved the world’s highest reduction in CO2 emissions to date by using heated hydrogen instead of coal to reduce iron ore in a blast furnace.

Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.