Nippon Steel Corp., Japan's largest steelmaker, merged with
Sumitomo Metal Industries, the nation's third-largest steelmaker, to form
Nippon Steel & Sumitomo Metal Corp.
Nippon Steel Corp., Japan's largest steelmaker, merged with
Sumitomo Metal Industries, the nation's third-largest steelmaker, to form
Nippon Steel & Sumitomo Metal Corp. The merger creates the world's
second-largest steel company, with a combined annual capacity of 46.1 million
metric tons, trailing only ArcelorMittal. The new company also supplies metal
for forging as well as finished cold- and hot-forged components. The merged
company has plans to expand global operations in China, India and other
emerging countries while consolidating its operations in Japan.
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