Nisshin Steel

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.

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 & 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.