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Nippon Steel aims to fully acquire Sanyo Special Steel-锻造展-2025年第二十五届广州国际锻造工业展览会-Forging Exhibition-2025 China(Guangzhou) Int'l Forging Industry Exhibition
2/10/2025 锻造展-forging expo-forging exhibition--forging event |
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Japanese steelmaker Nippon Steel has announced that it will submit an offer of about JPy 70.5 bilion ($455.06milion) to fully acquire domestic specialty steel producer Sanyo Special Steel and to make the later its whollyowned subsidiary.
The company stated that domestic specialty steel demand is forecast to decrease in Japan due to China''sexcess capacity and high exports and that, given an expected increase in demand in markets such as NorthAmerica and india in the future, it is important to capture global demand in this field.
As a result, Nippon Steel plans to strengthen its competitiveness, overcome competition in severe marketconditions and respond to market changes by integrating Sanyo Special Steel into its business.
锻造展-2025年第二十五届广州国际锻造工业展览会-Forging Exhibition-2025 China(Guangzhou) Int''l Forging Industry Exhibition
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