Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation and Mitsui & Co. were awarded a 600,000-ton order for large diameter welded steel pipe and plate for the Sur de Texas–Tuxpan natural gas pipeline in Mexico, from the TransCanada/IEnova consortium. Shipping is scheduled from September 2016 to May 2017.

ArcelorMittal and Nippon Steel & Sumitomo Metal will jointly acquire ThyssenKrupp's TK Steel USA plant in Calvert, Alabama, for $1.55 billion, forming a 50/50 joint venture. The plant has a capacity of 5.3 million tonnes per year, serving automotive and construction sectors.

Sanyo Special Steel's acquisition of Ovako has been completed. Nippon Steel & Sumitomo Metal Corporation increased its ownership in Sanyo Special Steel, making it a majority-owned subsidiary.

Nippon Steel & Sumitomo Metal Corporation (NSSMC) received approval from the Japan Fair Trade Commission and all foreign competition authorities to make Sanyo Special Steel a subsidiary.

The Competition Commission of India has cleared Nippon Steel & Sumitomo Metal Corporation's acquisition of 51% shareholding in Sanyo Special Steel, and the transfer of 100% shareholding in Ovako AB to Sanyo.

PT Krakatau Nippon Steel Sumikin (KNSS) held an opening ceremony at its new steel manufacturing plant in Cilegon, Banten Province, Indonesia. The plant has capacity to produce 480,000 metric tons of steel for automotive customers.

Nippon Steel & Sumitomo Metal Corp. completed its takeover of Ovako Group, a Swedish steelmaker and forger, from private-equity fund Triton. The value was not disclosed.

Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Sanyo Special Steel have agreed to integrate Sanyo Special Steel as a NSSMC subsidiary, with a target date of March 28, 2019. The deal includes Sanyo acquiring Triako Holdco AB, parent of Ovako, making Ovako a subsidiary of NSSMC.

Nippon Steel & Sumitomo Metal Corporation, Nisshin Steel, and three other companies have exchanged a basic agreement to integrate and reorganize their welded stainless steel pipe & tube business around April 1, 2019. The integration includes merging the stainless ERW business into NSPC and merging NSSP and Nisshin Stainless Steel Tubing.

Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. held a ribbon-cutting ceremony for its new 150,000-square-foot facility in Shelbyville, Indiana. The $50 million project is expected to create up to 70 jobs by 2021.

Nippon Steel & Sumitomo Metal Corporation (NSSMC) completed the acquisition of all shares of European special steel maker Ovako AB, making it a wholly owned subsidiary on June 1, 2018. The deal was valued at an undisclosed amount.

Nippon Steel & Sumitomo Metal Corporation will install a new continuous galvanizing line (CGL) at its Kimitsu Works in Kimitsu, Chiba, Japan, to produce 1.5 GPa-grade ultra-high-tensile steel sheets. The line will have a capacity of 33,000 tonnes per month and is scheduled to start production in the second quarter of fiscal 2020.

ArcelorMittal signed a joint venture formation agreement with Nippon Steel & Sumitomo Metal Corporation to jointly acquire Essar Steel India Limited. The bid was submitted on February 12, 2018.

ArcelorMittal and Nippon Steel & Sumitomo Metal are close to a $2 billion deal to acquire ThyssenKrupp's automotive steel sheet plant in Alabama, with specifics to be announced in early December.

Nippon Steel & Sumitomo Metal Corp. (NSSMC) signed an agreement to acquire additional shares of Katakura Steel Tube, increasing its stake to around 80% and making it a subsidiary.

Nippon Steel & Sumitomo Metal (NSSMC) received approval from the Japan Fair Trade Commission to make Nisshin Steel a subsidiary. NSSMC will conduct a tender offer in February 2017 to raise its stake from 8.3% to 51%. To address antitrust concerns, NSSMC will transfer technology and manufacturing rights for certain steel products to Kobe Steel and Nippon Yakin Kogyo.