Steel News

We strive to let you one step ahead of the market.

Nippon Steel merges with Nippon Steel Stainless Steel to face changed market conditions

14 Oct 2024 16:28 reported by Joy Liu

A A A
Nippon Steel Corporation (NSC) announced that its wholly-owned subsidiary Nippon Steel Stainless Steel Corporation (NSSC) has merged with NSC. NSC became the surviving company and NSSC is the dissolving company. The merger is effective on April 1, 2025.

The decision was due to lower domestic demand caused by factors such as population decrease and automobile electrification, the long-term problem of overcapacity in Asian markets, as well as social and industrial structural changes aimed at decarbonization, so the business environment was expected to become more severe.

Through the merger, the company will strive to achieve maximum synergy as soon as possible and further increase profits.

The merger will be effective on April 1, 2025. It will be an absorption-type merger, so NSSC will be dissolved after the merger.

Back to Steel News

Related News

Spain’s Transmesa invests EUR 15 million in Catalonia plant for hybrid and hydrogen vehicle stainless steel tubes

  • Stainless Steel
  • 21 Apr 2025 15:13

Nickel price rebound expected to ease pressure on Yusco, boost stainless steel market

  • Stainless Steel
  • 21 Apr 2025 13:36

Nickel prices surge by 10% in a week, outpacing other metals

  • Stainless Steel
  • 17 Apr 2025 17:11

US announces final subsidy rate to South Korea’s stainless steel sheet and strip in coils

  • Stainless Steel
  • 17 Apr 2025 15:03

Worldstainless: Global stainless steel production rises by 7% in 2024, driven by Asia

  • Stainless Steel
  • 16 Apr 2025 16:31

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,520.00
  • 2,561.00
  • Aluminum
  • 2,327.00
  • 2,366.00
  • Copper
  • 9,103.00
  • 9,132.00
  • Nickel
  • 15,400.00
  • 15,610.00

Learn more

Coil Exchange Center

Learn more