|  | 12/11/2009 |
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Marubeni Targets 5-10 Million Tonnes Iron Ore Equity in 3-5 Years
Marubeni Corporation's metals & mineral resources division expands interest in steel raw materials and nonferrous metals through aggressive investment with 200-300 billion yen in 3-5 years. The unit targets annual 5-10 million tonnes of iron ore equity during the period while the unit tries to secure 10 million tonnes of coking and thermal coal equity. The unit improves the profitability through new metal resources including rare metals along with synergy for trading. The unit targets 40-60 billion yen of consolidated net profit in 3-5 years, which is 2-3 times of current level.
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 | Marubeni Targets 5-10 Million Tonnes Iron Ore Equity in 3-5 Years
| | Japan Demand for Gas Pipe May Down by 5-10% for Jan-Mar
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| | Weak H-beam Price around Tokyo
| | Flat Ferrous Scrap Price in Tokyo, Osaka
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