Nippon Steel and Sumitomo Metal submit merger pitch to FTC 29/01/2012
AYomiuri Shimbun reported that Nippon Steel Corporation and Sumitomo Metal Industries Limited have submitted to the Fair Trade Commission all necessary documents regarding their planned merger for second stage examination.
European debt crisis hits German steel industry - Report 29/01/2012
Reuters reported that Europe's largest steel producer Germany will likely produce less crude steel this year than expected as the euro zone debt crisis creeps its way into the real economy.
Gas supply remains a big problem for Krakatau Steel - Mr Bujang 13/12/2011
During an interview with The Jakarta Post, Mr Fazwar Bujang president director of Krakatau Steel said that due to problems associated with high costs, it is still unable to fully capitalize upon the country's growing steel market. KS has modified its power generation facilities to enable use of natural gas to reduce energy costs, but the program could not be fully implemented due to the lack of gas supply.
