You are here

Japan's top steelmaker cedes crown to Arcelor as yen soars

Nippon Steel is neck and neck with revitalised Posco in South Korea for second place
Saturday, August 6, 2016 - 05:50

BT_20160806_CPSTEEL6R6S5_2425134.jpg
CHANGING TIMES: The biggest steelmakers in Japan, including Nippon Steel, will have to look for opportunities overseas as the population shrinks and the economy stagnates in a home market they've long dominated. 

Tokyo

JAPAN's biggest steelmaker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut.

Nippon Steel & Sumitomo Metal Corp has been overtaken as the world's most valuable producer by Europe's

Powered by GET.comGetCom