TOKYO Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp is bracing for a weaker steel market in Asia because the escalating Sino-U.S. trade war may crimp steel demand in top buyer China and in Southeast Asia, a senior executive said.
* Shipyard stock market performance: https://tmsnrt.rs/2DlC5GE
SEOUL/TOKYO South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.
TOKYO/GENEVA A World Trade Organization (WTO) dispute panel largely upheld Japan's complaint against a safeguard duty imposed by India on steel imports for two-and-a-half years, a ruling published on Tuesday showed.
TOKYO/GENEVA, Nov 6 A World Trade Organization
(WTO) dispute panel largely upheld Japan's complaint against a
safeguard duty imposed by India on steel imports for
two-and-a-half years, a ruling published on Tuesday showed.
TOKYO/CHICAGO Japan's Itochu Corp on Friday booked a $1.3 billion loss on its investment in China's CITIC Ltd, blaming trade tensions between China and the United States for the writedown on its biggest corporate transaction.
* Marubeni's U.S. grain business hurt by U.S.-China trade
* Plans crude steel output at 21.6 mln T in Oct-March
(Adds executive comments and details)
TOKYO Japanese steelmakers JFE Holdings and Kobe Steel cut their annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials.
MUMBAI/TOKYO Creditors of Essar Steel India Ltd have approved a joint offer by ArcelorMittal SA and Japan's Nippon Steel & Sumitomo Metal Corp as the final bid for the debt-laden asset, ArcelorMittal said in a statement on Friday.