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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,088JPY
6:00am GMT
Change (% chg)

¥-15 (-0.71%)
Prev Close
¥2,102
Open
¥2,102
Day's High
¥2,105
Day's Low
¥2,076
Volume
2,592,500
Avg. Vol
3,359,775
52-wk High
¥3,132
52-wk Low
¥2,028

Latest Key Developments (Source: Significant Developments)

Nippon Steel Says It And Arcelormittal To Pay $5.7 Bln To Buy Essar Steel
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>: :NIPPON STEEL AND ARCELORMITTAL SA [RIC:RIC:ARCMT.UL] TO PAY 420 BILLION INDIAN RUPEES ($5.72 billion) TO BUY ESSAR STEEL.ARCELORMITTAL TO BECOME MAJORITY OWNER OF ESSAR STEEL WITH SLIGHTLY HIGHER STAKE THAN NIPPON STEEL.  Full Article

Nippon Steel & Sumitomo Metal Says Essar Steel's Committee Of Creditors Declares ArcelorMittal, NSSMC's Joint Acquisition Partner, As Successful Applicant
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>::ESSAR STEEL'S COMMITTEE OF CREDITORS DECLARES ARCELORMITTAL, NSSMC'S JOINT ACQUISITION PARTNER, AS SUCCESSFUL APPLICANT.  Full Article

Rio Tinto Approves $1.55 Bln Investment To Sustain Pilbara Iron Ore Production Capacity
Monday, 1 Oct 2018 

Sept 30 (Reuters) - Rio Tinto Plc ::RIO TINTO APPROVES INVESTMENT TO SUSTAIN PILBARA IRON ORE PRODUCTION CAPACITY.RIO TINTO-CO WITH JV PARTNERS MITSUI, NIPPON STEEL & SUMITOMO METAL, APPROVED INVESTMENT OF $1.55 BILLION TO SUSTAIN PRODUCTION CAPACITY AT TWO PROJECTS.RIO TINTO-INVESTMENT INCLUDES CO'S SHARE OF $820 MILLION.RIO TINTO- INVESTMENT TO SUSTAIN PRODUCTION CAPACITY AT TWO PROJECTS PART OF ROBE RIVER JV IN THE PILBARA REGION OF WESTERN AUSTRALIA.  Full Article

R&I affirms Nippon Steel & Sumitomo Metal's rating at "A+" and announces stable outlook -R&I
Friday, 20 Jul 2018 

July 20(Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" -R&I.Rating outlook stable -R&I.  Full Article

NS Solutions to change company name to NS Solutions
Wednesday, 16 May 2018 

May 16 (Reuters) - NS Solutions Corp <2327.T>:Says it will change company name to NS Solutions Corporation, effective April 1, 2019 .  Full Article

Amtek Auto Signs SPA With Nippon Steel And Sumimoto Metal
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Amtek Auto Ltd ::SAYS SIGNS SHARE PURCHASE AGREEMENT WITH NIPPON STEEL AND SUMIMOTO METAL CORP.SAYS SMI AMTEK CRANKSHAFTS SHALL CEASE TO BE JV OF CO.  Full Article

Nippon Steel & Sumitomo Metal to buy Ovako AB
Thursday, 15 Mar 2018 

March 15 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it plans to buy 100 percent stake in Ovako AB, which is engaged in manufacture and sale of special steel .  Full Article

Topy Industries to buy wheels co Ring Techs
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Topy Industries Ltd <7231.T>:Says it will acquire 100 percent stake in Ring Techs Co.,Ltd, which is engaged in manufacture and sale of wheels, from NIPPON STEEL & SUMITOMO METAL CORP <<<5401.T>>>, with undisclosed price, effective Feb. 15 .  Full Article

Nippon Steel & Sumitomo Metal to merge with unit
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it plans to merge with unit Nippon Steel & Sumikin Koutetsu Wakayama Corp, effective on April 1, 2018.Says unit will be dissolved after merger.  Full Article

Sumco's top shareholder to cut voting power in co to 7.9 pct
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Sumco Corp <3436.T>:Says co's top shareholder NIPPON STEEL & SUMITOMO METAL CORPORATION <<<5401.T>>> plans to cut voting power in the co to 7.9 percent from 13.4 percent and will become the second biggest shareholder of the co.Says change will occur on Oct. 17.  Full Article

METALS-Copper rises, U.S.-China trade tensions curb gains

(Recasts throughout, updates prices) By Mai Nguyen SINGAPORE, Nov 21 Copper prices rose on Wednesday, recouping some of previous session's losses, but gains were capped as trade tensions between the United States and China escalated ahead of an expected high-stakes meeting between the two nations. The United States administration on Tuesday said China has failed to alter its "unfair" practices, adding to tensions ahead of the meeting next week between U.S. President Dona