Latest news on China Bearing Steel markets

Japan’s Daido up Jan special steel list prices by $97/t

Japan’s Daido Steel, a special steel producer under Nippon Steel, has decided to add Yen 10,000/tonne ($97/t) to its special steel products including structure steel, spring steel, bearing steel and tool steel for January sales or February shipments to pass on part of the higher input costs and to m

China Key Special Steel Enterprises' crude steel output (Jan-Feb)

Total 21,424.85 19,815.88 1,608.96 8.12% 8,134.55 7,966.96 167.59 2.10% 1.1 ordinary non-alloy steel 2,232.09 2,192.76 39.34 1.79% 1.2 high-quality non-alloy steel 4,561.98 4,528.44 33.54 0.74% 1.3 special-quality non-alloy steel 1,340.48 1,245.77 94.72 7.60% 1.3.1 special carbon structure stee

China Key Special Steel Enterprises' steel output (Jan-Feb)

Total 19,410.41 18,256.58 1,153.83 6.32% 7,163.37 7,174.48 -11.10 -0.15% 1.1 ordinary non-alloy steel 1,889.40 1,814.29 75.11 4.14% 1.2 high-quality non-alloy steel 3,996.31 4,216.49 -220.17 -5.22% 1.3 special-quality non-alloy steel 1,277.67 1,143.70 133.97 11.71% 1.3.1 special carbon structur

NSSMC to buy Swedish specialty maker

Nippon Steel & Sumitomo Metal Corp (NSSMC), Japan's largest integrated steelmaker, intends to acquire Swedish specialty steelmaker Ovako AB to expand its reach in special steel into Europe, the company announced on March 15.

NSSMC mulls over a controlling stake in Sanyo Special

Japanese integrated steelmaker Nippon Steel & Sumitomo Metal Corp (NSSMC) and specialty steel producer Sanyo Special Steel have begun discussions which would see NSSMC acquire additional shares in Himeji-based Sanyo, thus becoming a controlling shareholder with a 51% stake.

Sanyo Special Steel to control Indian special steel jv

Sanyo Special Steel, a Japanese special steel producer, aims to become the controlling shareholder in Mahindra Sanyo Special Steel Pvt in India from its present 29% stake on its confidence in India's growing into a key auto-making hub in the future, according to Sanyo's recent announcement.

METI: Japan's Q1 special steel output to rise 0.4%

Special steel production in Japan over January-March is forecasted to rise by a tiny 0.4% from October-December to 4.97 million tonnes, according to the country's Ministry of Economy, Trade and Industry (METI). However, the current quarter's output will be 0.6% lower than a year ago, Mysteel notes.