Nippon Steel Corp


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Next Event

Q1 2021 Nippon Steel Corp Earnings Release

Latest Developments


Nippon Steel To Further Adjust Blast Furnace Operations In Response To Current Steel Demand

Nippon Steel, JFE Steel, Kobe Steel Will Tell Unions That They Will Not Hike Base Pay For First Time In 7 Yrs, As Trade War Saps Demand - Nikkei

Nippon Steel Says To Book 396.6 Billion Yen Impairment Loss On Its Business Assets In Oct-Dec


About Nippon Steel Corp

NIPPON STEEL CORPORATION, formerly NIPPON STEEL & SUMITOMO METAL CORPORATION, is a Japan-based company mainly engaged in the steel manufacturing business. The Company has four business segments. The Steel Manufacturing segment is engaged in the manufacture and sale of steel bars, steel plates, steel pipes, special steels, steel secondary products and other steel products. The Engineering segment is engaged in the production and sale of industrial equipment and steel structures, the contract of construction work, the processing and recycling of waste, as well as the provision of electricity, gas and heat. The Chemical and Materials segment is engaged in the manufacture and sale of coal chemical products, petrochemical products, electronic materials, carbon fibers, composites and other products. The System Solution segment is engaged in the provision of computer system related engineering consulting services and outsourcing services.


Iron & Steel

Contact Info

Marunouchi Park Bldg., 2-6-1, Marunouchi





Executive Leadership

Kosei Shindo

Chairman of the Board, Representative Director

Eiji Hashimoto

President, Representative Director

Takahiko Iwai

Executive Officer, Director of Finance

Akihiko Inoue

Vice President, Chief Director of Technology Development, Representative Director

Akio Migita

Vice President, Representative Director

Key Stats

2.20 mean rating - 10 analysts
Revenue (MM, JPY)
















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Latest News

Latest News

Nippon Steel to renovate blast furnace at Nagoya for $450 mln

Nippon Steel Corp, Japan's biggest steelmaker, said on Friday it will spend 49 billion yen ($450 million) to renovate its No.3 blast furnace at Nagoya Works in central Japan in 2022 to boost stability and productivity.

Nippon Steel books record loss, plans to shut more furnaces

Nippon Steel Corp <5401.T> on Friday reported a record $4 billion annual net loss as a hefty restructuring charge dampened its earnings, and said it will idle two more blast furnaces from July to cope with slumping demand amid the coronavirus pandemic.

UPDATE 1-Nippon Steel to idle 3rd blast furnace to offset demand hit from virus

* Suspensions of 4 furnaces will cut 25% in its furnaces' volume

Nippon Steel weighs halting 3rd furnace amid virus crisis -source

Nippon Steel Corp is considering halting a blast furnace in Kimitsu, eastern Japan, to cope with slumping demand, a source at a group company said on Friday, following its recent decision to temporarily shut two blast furnaces.

UPDATE 1-Nippon Steel to halt 2 blast furnaces to cope with falling demand

* First time since 2009 to temporarily shut more than 2 furnaces

Nippon Steel to halt 2 blast furnaces to cope with falling demand

Nippon Steel Corp, Japan's biggest steelmaker, will temporarily shut two blast furnaces in Japan later this month to cope with declining demand due to the coronavirus pandemic, it said late on Tuesday.

ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy

Japan's biggest steelmaker Nippon Steel Corp <5401.T> said on Tuesday its joint venture with ArcelorMittal <MT.AS> has signed a $5.15 billion (4.21 billion pounds) loan agreement with Japanese banks, including Japan Bank for International Cooperation.

UPDATE 2-Nippon Steel to cut 10% of steel output capacity, faces record loss

* Company will shut three blast furnaces and other facilities

UPDATE 1-Japan's Nippon Steel to cut 10% of crude steel capacity -Nikkei

Japan's Nippon Steel Corp , the world's third-biggest steelmaker, is likely to cut about a tenth of steelmaking capacity, the Nikkei business daily said on Friday, in what would be an unprecedented move for the steel industry.

Japan's Nippon Steel to cut 10% of crude steel capacity -Nikkei

Nippon Steel Corp will likely cut about 10% of crude steel capacity by closing both blast furnaces at its Kure site "within a few years" to better compete in the face of rising output in top producer China, Nikkei business daily reported on Friday.

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

ArcelorMittal SA <MT.AS> said on Monday it had formed a joint venture with Nippon Steel Corp <5401.T> to run Essar Steel, the bankrupt Indian steel company that ArcelorMittal has taken over.

Nippon Steel's damaged Kimitsu plant to be shut until end-December

Japan's biggest steelmaker, Nippon Steel Corp, said on Thursday one of the two steelmaking plants at its Kimitsu Steel Works will be shut until the end of December, to repair a chimney that collapsed in a typhoon last month.

Exclusive: Aviva's Asian units attract interest from global suitors -sources

German insurer Allianz <ALVG.DE>, Nippon Life and MS&AD Insurance <8725.T> are vying with rivals to buy the Singapore and Vietnam businesses of Britain's Aviva <AV.L> in a deal likely to be worth up to $2.5 billion (2 billion pounds), sources said.

EXCLUSIVE-Allianz, Nippon in race to buy Aviva's Asia units for up to $2.5 bln-sources

German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain's Aviva, in a deal likely to be worth up to $2.5 billion, sources said.

Nippon Steel to cut capex spending as U.S.-China trade war crimps demand

Nippon Steel Corp will cut its planned capital expenditures for the three-year period to March 2021 by between 10% and 20% as weaker steel demand amid the U.S.-China trade war has eroded its profits, a company official said on Friday.

Nippon Steel eyes price hike, plant consolidation to shore up profits

Japan's top steelmaker Nippon Steel Corp aims to raise product prices and boost productivity by streamlining its manufacturing structure to help shore up faltering earnings, a senior executive told Reuters.

Nippon Steel sees 56% dip in yearly profit on surging iron ore prices

Japan's top steelmaker Nippon Steel Corp <5401.T> on Thursday forecast a 56% drop in business profit in the year through March 2020, as surging iron ore prices and slumping demand in Asia erode its margins.

Nippon Steel fears potential earnings damage from U.S. tariffs on Japan - exec

Japan's Nippon Steel Corp said any move by Washington to impose tariffs on Japanese cars and auto parts will hurt its earnings, but expects less of a direct impact from proposed tariffs on U.S. imports from Mexico.

Nippon Steel to bolster overseas business, focus on India

Japan's Nippon Steel Corp, is set to bolster overseas operations, especially in fast-growing India, to bypass growing nationalism and capitalise on growth abroad as it faces shrinking demand at home.

Nippon Steel cuts full-year profit forecast by 6 percent on lower output

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp on Wednesday warned its annual profit would be 6 percent less than previously forecast, citing lower crude steel output for the financial year ending on March 31.

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