Nippon Steel and Sumitomo Metals have agreed to start study of a possible joint utilization of iron and steelmaking facilities at Wakayama Steel Works.

Nippon Steel and Sumitomo Metals have agreed to start study of a possible joint utilization of iron and steelmaking facilities at Wakayama Steel Works.

Nippon Steel and Sumitomo Metal have been studying and implementing various tie-up measures for greater cost competitiveness, mutual supply of semi-finished and downstream products, integration of stainless steel and welding materials businesses, and supply of hot coils from Nippon Steel to Sumitomo Metals following the restructuring of steel sheet production at Wakayama Steel Works of Sumitomo Metals.

Nippon Steel and Sumitomo Metals also intend to examine possibilities of greater cooperation with Kobe Steel, Ltd.