News Room - Steel Industry

Posted on 24 Dec 2007

Nippon Steel expects the strong steel demand from Asia and US

Japanese Nippon Steel Corp. said today that it might be difficult for them to meet the continuously strong steel demand from Asia and the United States, even though the financial industry people held the opposite point of view.

The reason why Akio Mimura, the President of Nippon Steel Corp., holds such a positive opinion about steel industry in Asia and US is because of their strong demand for car sheet and parts.

On the other hand, Mimura mentioned that currently the company has no plan to enter the Eastern European market to compete with ArcelorMittal.