Nippon Steel Corporation

5401

JP3381000003

Iron & Steel

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-23 am EDT			5-day change	1st Jan Change
3,492 ^JPY	+0.34%		-3.03%	+8.11%

06:25pm	Top Midday Stories: Shares of GE, Novartis, Danaher and Philip Morris Up Post-Earnings; Pepsi Stock Down Post-Earnings; Apple iPhone China Sales Drop 19%; Trump Poised for Windfall From Media Company Stock	MT
03:39pm	Nippon Steel Cannot Close US Steel Deal Without Full Union Support, Cleveland-Cliffs CFO Says	MT

Nippon Steel : ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy

March 17, 2020 at 02:40 am EDT

Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion (4.21 billion pounds) loan agreement with Japanese banks, including Japan Bank for International Cooperation.

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd.

Other banks part of the loan pact are MUFG Bank Ltd, Sumitomo Mitsui Banking Corp, Mizuho Bank Europe N.V. and Sumitomo Mitsui Trust Bank Ltd (London Branch), Nippon Steel said in a statement.

Last November, India's Supreme Court cleared the path for ArcelorMittal to take over bankrupt Essar Steel, following a legal tussle that had dragged through multiple courts for over two years.

(Reporting by Yuka Obayashi; Editing by Aditya Soni)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SUMITOMO MITSUI FINANCIAL GROUP, INC.	8,787 JPY	+1.01%	-1.68%	72.74B
MITSUI & CO., LTD.	7,296 JPY	+0.32%	-2.33%	70.36B
MIZUHO FINANCIAL GROUP, INC.	3,030 JPY	+0.36%	-0.30%	49.45B
MITSUBISHI UFJ FINANCIAL GROUP, INC	1,554 JPY	+0.55%	+0.78%	118B
ARCELORMITTAL	23.47 EUR	-2.65%	-1.22%	21.02B

Latest news about Nippon Steel Corporation

Top Midday Stories: Shares of GE, Novartis, Danaher and Philip Morris Up Post-Earnings; Pepsi Stock Down Post-Earnings; Apple iPhone China Sales Drop 19%; Trump Poised for Windfall From Media Company Stock	12:25pm	MT
Nippon Steel Cannot Close US Steel Deal Without Full Union Support, Cleveland-Cliffs CFO Says	09:39am	MT
Nippon Steel Cannot Close US Steel Deal Without Full Union Support, Cleveland-Cliffs CFO Says	09:30am	MT
G-Tekt Enters into Licensing Agreement with ArcelorMittal	Apr. 22	MT
Nippon Steel Confirms United States Steel to Retain American Identity After Takeover	Apr. 18	MT
U.S. Steel deal security review to proceed normally, White House says	Apr. 18	RE
White House says U.S. Steel deal security review proceeding as normal	Apr. 18	RE
Metals: The tug-of-war continues between China and America	Apr. 18
Biden promises U.S. Steel will remain an American company	Apr. 17	RE
Biden says U.S. Steel should remain an American company	Apr. 17	RE
Biden Seeks to Triple Tariffs on Chinese Steel, Aluminum Products	Apr. 17	MT
Biden to call for higher tariffs on Chinese metals in 'Steel City' Pittsburgh	Apr. 17	RE
Japan Inc makes a renewed U.S. push as China fears mount	Apr. 17	RE
United States Steel Takeover to be Raised When Biden Meets United Steelworkers	Apr. 16	MT
China's overproduction of clean energy goods needs to be mitigated, Yellen says	Apr. 16	RE
US Steel Shareholders Give Nod to $14.9 Billion Buyout by Nippon Steel	Apr. 15	MT
Global markets live: Goldman Sachs, Apple, Salesforce, Boeing Tesla...	Apr. 15
Market outlook is uncertain, but optimism prevails	Apr. 15
News Highlights : Top Company News of the Day - Sunday at 9 PM ET	Apr. 14	DJ
Materials Slide on Iran Military Strike Fears -- Materials Roundup	Apr. 12	DJ
News Highlights : Top Company News of the Day - Friday at 5 PM ET	Apr. 12	DJ
News Highlights : Top Company News of the Day - Friday at 7 PM ET	Apr. 12	DJ
Equities Fall on Israel-Iran Tensions, Inflation Concerns	Apr. 12	MT
News Highlights : Top Company News of the Day - Friday at 3 PM ET	Apr. 12	DJ
U.S. Steel shareholders give greenlight to Nippon Steel's $14.9 billion takeover bid	Apr. 12	RE

Chart Nippon Steel Corporation

Duration

Period

More charts

Company Profile

Nippon Steel Corporation is one of the Japanese largest iron and steel groups. Net sales break down by activity as follows: - manufacturing of steel products (88.5%): long steel, flat steel, rails, sheets, iron bars, tubular products, etc.; - engineering and construction services (4%): design, development and construction of offshore structures, infrastructures and environmental systems; - technologic services (3.9%); - manufacturing of chemical product (3.6%): primarily raw materials and iron and steel by-products (coal, coke, tar, etc.). Net sales are distributed geographically as follows: Japan (60.2%), Asia (22.8%) and other (17%).

Sector

Iron & Steel

Calendar

2024-05-08 - Q4 2023 Earnings Release

Related indices

Nikkei 225

More about the company

Income Statement Evolution

More financial data

Ratings for Nippon Steel Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3,480 JPY

Average target price

4,160 JPY

Spread / Average Target

+19.54%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Steel

	1st Jan change	Capi.
NIPPON STEEL CORPORATION	+8.11%	20.71B
NUCOR CORPORATION	+2.07%	45.99B
TATA STEEL LIMITED	+15.48%	24.23B
POSCO HOLDINGS INC.	-21.62%	21.74B
STEEL DYNAMICS, INC.	+14.44%	21.69B
ARCELORMITTAL	-8.59%	21.02B
CLEVELAND-CLIFFS INC.	-7.00%	9.91B
JFE HOLDINGS, INC.	+8.80%	9.78B
UNITED STATES STEEL CORPORATION	-21.50%	8.73B
GERDAU S.A.	-2.73%	7.6B

Other Steel

Nippon Steel Corporation

Equities

5401

JP3381000003

Iron & Steel

Nippon Steel : ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy

Stocks mentioned in the article

EPS Revisions