Metal One Corporation

Metal One Corporation will merge its subsidiaries Metal One Specialty Steel Corporation and Metal One Steel Products Corporation into a new company on April 1, 2026.

Ternium announced an agreement to acquire 68.7 million ordinary shares of Brazilian steel producer Usiminas from Nippon Steel, Mitsubishi, and Metal One for BRL 10 per share. The deal will give Ternium 61.3% control of Usiminas, subject to antitrust approval.

Sumitomo Corporation and Metal One Corporation agreed to integrate their domestic tubular products business operations on an equal basis, with the integration slated for January 2019. The new company will be formed by splitting and merging the tubular products businesses of both groups.

Sumitomo Corporation and Metal One Corporation agreed to begin considering the integration of their domestic steel pipe businesses and subsidiaries in an equal partnership.