Nippon Steel to Study Offshore Wire Processing Plant

Nippon Steel announced on Thursday the firm establishes joint planning firm for special steel bar and wire processing with Matsubishi Metal Industry, which is Tokyo based wire processor, Miyazaki Seiko, which is Nagoya based wire processor, Sanyu, which is Osaka based wire processor. They try to meet higher offshore demand for cold finished bar and cold heading bar when bolt, nut and parts makers increase the demand at offshore plants associated with expansion offshore production by Japanese automakers. Nippon Steel starts the study for offshore supply base with domestic major processors, which Nippon Steel provides material wire rod for and has interests in.