Nippon Steel
Nippon Steel increased steel production by 1% q/q in Q1 FY2023/2024

In annual terms, production remained stable
Nippon Steel to produce 35 million tons of steel in the 2023/2024 fiscal year

In the 2022/2023 financial year, the company reduced the volume of steel production by 11.4%
AMNS India increased steel production by 2% y/y in January-March

Shipments in this period increased by 5.7% y/y
AMNS India gets approval to acquire Indian Steel Corp

This acquisition will expand the company's processing capabilities and product portfolio
Nippon Steel is considering sites for investment in green steel

The cost of the project may be about $733 million
Nippon Steel agreed to raise steel prices for Toyota

In the first half of the 2023/2024 financial year, Nippon Steel will increase in price for the Japanese automaker by $74/t
Nippon Steel, Mitsubishi and Exxon will jointly study carbon capture

The companies will conduct research at Nippon Steel's steel mills

Nippon Steel to produce DRI to reduce carbon emissions

The company will also continue to invest in coking coal production
Nippon Steel increased sales by 26% in the first half of the FY2022-2023

In April-September 2022, the company reduced steel production by 15.8% y/y
ArcelorMittal and Nippon Steel have turned their attention to India and Thailand

Companies are expanding operations in these countries against the background of the energy crisis in Europe and weakening demand in Japan

Nippon Steel will start selling carbon neutral steel products in 2023

It is expected that the volume of deliveries will be 300,000 tons of green steel per year

Nippon Steel will raise steel prices for Toyota by 20-30%

A new agreement between Japan's biggest players could dramatically affect the cost of steel products for other sectors

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