Nippon Steel & Sumikin Bussan Begins on October 1st

Sumikin Bussan and Nippon Steel Trading entered into administrative merger, and “Nippon Steel & Sumikin Bussan” began on October 1st. Integrated company pursues synergy by integration on iron and steel business as a core trading house of Nippon Steel and Sumitomo Metal group, and increases company’s value exploiting comprehensive strength as a composite specialized trading company which set up a business enterprise in 4 fields, Steel, Industrial Equipment – Infrastructure, Food and Fiber. The firm targets 2 trillion yen of consolidated net sales and 30 billion yen of recurring profit for fiscal 2014 ending March 2015, and ensures continuous growing.