On April 1, 2019, we renamed ourselves as “Nippon Steel Corporation” (from Nippon Steel and Sumitomo Metal Corporation), to keep in pace with our advance as a growing global steelmaker with origins in Japan, and as a company incorporating a diversity of DNAs of people and companies. With the aim of securing a position of the best steelmaker with the world-leading capabilities, using our three key drivers of “technology,” “cost,” and “being global,” we have worked hard; 1) to rebuild our profit base by restoring our “strength in manufacturing*1” and enhancing our “strength in sales and marketing*2”; 2) to expand profit of the overseas business; and 3) to promote business innovation, standardization, and workstyle reform. These efforts are, as always, based on all possible measures related to safety, environment, disaster prevention, quality assurance, and compliance.
Our Group’s mainstay steelmaking business is expected to remain subject to an extremely harsh business environment partly due to the COVID-19 crisis, which has further aggravated the unprecedented environment of “higher raw material prices and lower steel product prices.” Despite being in such situation or because of this, we focus on early transition to an optimal production framework in Japan, enhancement of globally-competitive strategic products in terms of quality and quantity, and execution of initiatives to deepen our overseas business in response to the global trend of “local production and local consumption” and “favoring domestic production.” Our intended result is to enhance our profitability. In the post-COVID-19 world, we are determined to restore profitability in the parent steelmaking business whatever the ambient circumstances may be and aim at “becoming the best steelmaker with world-leading capabilities".

Nippon Steel Corporation

New Release

Start of Studies to Shift from Blast Furnace Steelmaking Process to Electric Arc Furnace Steelmaking Process Nippon Steel Corporation (“Nippon Steel”) has decided to start studies to shift from the blast furnace (BF) steelmaking process to the electric arc furnace (“EAF”) steelmaking process by using the Kyushu Works Yawata Area and the Setouchi Works Hirohata Area as candidate sites. In its “Nippon Steel Carbon Neutral Vision 2050” announced in March 2021, Nippon Steel aims to achieve carbon neutrality by developing three breakthrough technologies: hydrogen injection into BFs; hydrogen direct reduction of iron; and high-grade steel production in large-sized EAFs. As for hydrogen injection into BFs, we began blowing high-temperature hydrogen into a test BF (12m3) at the East Nippon Works Kimitsu Area in May 2022. In the same area, we will begin demonstration using an actual large BF (4,500m3) in operation in January 2026. For the production of hydrogen direct reduced iron, a small shaft furnace will be installed at the Hasaki R&D Center (Kamisu City, Ibaraki Prefecture) of the R&D Laboratories, and tests to reduce low-grade iron ore using hydrogen will begin in fiscal 2025. As for the production of high-grade steel in large EAFs, commercial operation of the new electric furnace in the Setouchi Works Hirohata Area began in October 2022, enabling the world’s first integrated EAF to produce and supply high-grade electrical steel sheets. In addition, a small EAF (10 tons) will be installed at the Hasaki R&D Center, and tests will begin in fiscal 2024.

ArcelorMittal is the world's largest steel producer, with a presence in more than 60 countries and an industrial footprint in 18 countries.

ArcelorMittal

U.S. Steel Corp is an American steel producer with integrated steelmaking operations in the United States and Central Europe.

U.S. Steel Corp

Cleveland-Cliffs Inc is a leading iron ore and steel producer with a strong presence in North America.

Cleveland-Cliffs Inc

NIPPON STEEL ENGINEERING CO., LTD. is a company specializing in machinery and materials procurement, with a focus on engineering solutions. The company also holds ISO certification and is involved in public relations and corporate advertising.

NIPPON STEEL ENGINEERING CO., LTD.

news_impact_assignment_basic

key_people

merger_acquisitions

network_dossier

public_peers

news_daily_refresh

news_processing_daily_refresh

news_impact_assignment_daily

news_processing_basic

legal

legal_dossier

bundesanzeiger

events_dossier

partnerships_market_presence_dossier

partnerships_market_presence

company_dossier

network

strategic_challenges

industry_trends

strategic_challenges_dossier

industry_trends_dossier

company_summary

events

network_mapping

transactions_dossier

swot_dossier

signals

financial_statements

crunchbase_trigger

crunchbase_profile

li_profile

financials_download_nd

private_financials

swot_analysis

financial_legal_advisories

company_structure

industry_analysis

financial_analysis

funding_rounds_analysis

regulatory_analysis

competition_analysis

news_impact_assignment_advanced

news_processing_advanced

news_advanced

purchaser_profile

network_onboarding

translate_crunchbase_fundingrounds

peers

customer_profile

news_basic

valuation

news impact assignment basic	general	Feb 13, 2024 12:18 PM	d6af0f76
public peers	general
news daily refresh	general
news processing daily refresh	general
news impact assignment daily	general
news processing basic	general	Feb 13, 2024 12:18 PM	53f93073
company summary	general
signals	general	Feb 13, 2024 1:06 PM	9805491d
crunchbase trigger	general	Nov 27, 2024 12:50 PM	8b3bc33e
crunchbase profile	general
li profile	general	Feb 13, 2024 12:18 PM	1def4cd1
translate crunchbase fundingrounds	general
peers	general	Feb 13, 2024 12:18 PM	aaa0d5cb
news basic	general	Feb 13, 2024 1:06 PM	17506cc9
bundesanzeiger	filings
financials download nd	financials
private financials	financials

NIPP

COM:NIPPONSTEEL

NIPPON STEEL ENGINEERING CO., LTD.