JFE Steel Corporation

Al Gharbia Pipe Company, a joint venture between Senaat, JFE Steel Corporation and Marubeni-Itochu Steel, began commercial production of large-diameter sour grade steel pipes at its plant in Khalifa Industrial Zone Abu Dhabi. The plant has an annual capacity of 240,000 tons.

Companhia Siderúrgica Nacional (CSN) established a strategic partnership with a consortium including ITOCHU, Nippon Steel, JFE Steel, POSCO, Sumitomo Metal Industries, Kobe Steel and Nisshin Steel to acquire 40% of Namisa for US$3.12 billion. The parties expect to sign final documentation on October 21, 2008.

JFE Steel decided to install a new continuous caster at its West Japan Works (Kurashiki area) with a total investment of approximately JPY 40 billion. The caster will have an annual capacity of about 2 million tons and is scheduled to start operation in the second half of fiscal 2020.

GE's Power Services business has been chosen to modernize JFE Steel Corp.'s combined-cycle power plant in Chiba, Japan. The project includes a gas turbine upgrade, steam turbine retrofit, and a 15-year O&M agreement.

JFE Steel Corp. has employed GE's Power Services to modernize its Chiba combined-cycle power plant with a gas turbine upgrade and steam turbine retrofit, expected to increase output by up to 60 MW, under a multi-year agreement including 15 years of O&M support.

Nucor-JFE Steel Mexico (NJSM) held a groundbreaking ceremony for a US$270 million automotive steel sheet manufacturing plant in Silao, Guanajuato, creating around 300 permanent jobs, with a continuous galvanizing line scheduled to start operations in 2019.

JFE Steel, jointly with Itochu Marubeni Steel, received an order for 230,000 tonnes of UOE steel line pipe from PTT Public Company for Thailand's 5th Transmission Pipeline Project. The pipe will be manufactured at JFE Steel's West Japan Works (Fukuyama area).

JFE Steel received an order for about 925 tons of JFE-UHP-17CR-110 tubing pipes for Petronas Carigali's NC3 gas development project offshore Sarawak, Malaysia. The pipes were run from December 2015 to December 2016.

Tubos Reunidos and Marubeni-Itochu Tubulars Europe Plc (MITE) signed an agreement to establish a joint venture in Álava, Spain, to manufacture and supply OCTG premium products for oil and gas drilling. Total investment is around €30 million, with 80 jobs initially. The joint venture is 51% owned by Tubos Reunidos and 49% by MITE, and will start production in Q1 2016.