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Feb 19, 2025

Nippon Steel Announces Merger to Restructure Domestic Steel Pipe Business - TipRanks.com

NIPPON STEEL ( (JP:5401) ) just unveiled an update. Nippon Steel Corporation has announced a merger agreement with its subsidiary, Nippon Steel Pipe Co., Ltd., aimed at restructuring its domestic ERW

NIPPON STEEL ( (JP:5401) ) just unveiled an update.

Nippon Steel Corporation has announced a merger agreement with its subsidiary, Nippon Steel Pipe Co., Ltd., aimed at restructuring its domestic ERW steel pipe business. The merger is part of a broader business reorganization strategy to optimize the production structure, enhance competitiveness, and address challenges such as sluggish domestic steel demand and increased global competition.

More about NIPPON STEEL

Nippon Steel Corporation is a leading company in the steelmaking and steel fabrication industry. It is focused on producing construction and mechanical steel pipes and operates with a strong presence in the domestic market.

YTD Price Performance: 9.04%

Average Trading Volume: 2,793

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $22.78B

For detailed information about 5401 stock, go to TipRanks’ Stock Analysis page.