Nippon Steel & Sumitomo Metal and Sumitomo Pipe & Tube announced on 26th they struck a contract for share exchange between two companies after resolution for share exchange in each board meeting. Nippon Steel & Sumitomo Metal is the Wholly Owning Parent Company, and Sumitomo Pipe & Tube is Wholly Owned Subsidiary Company. And, Nippon Steel & Sumitomo Metal, Sumitomo Pipe & Tube and Nittetsu Steel Pipe struck a basic agreement to reorganize electric resistance welded steel pipe business after Sumitomo Pipe & Tube and Nittetsu Steel Pipe will merge in October 1st 2013. The joint firm’s name is planned to be “Nippon Steel & Sumikin Steel Pipe”.
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Japan Steel Scrap Composite Prices (Sangyo Press)
2025/06/13| H2 | NewCutting (PRESS) |
| 41000YEN (-) | 43000YEN (-) |
| 288.57US$ (2.1) | 302.65US$ (2.2) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
