Nippon Steel Considers selling a steel factory for automobiles in the United States October 14, 9:14

It turns out that Nippon Steel, the largest steel company, is considering selling a steel factory for automobiles in the United States.

As business performance declines due to the spread of infection with the new coronavirus, we plan to further review our domestic and overseas production systems.

According to people familiar with the matter, Nippon Steel is considering selling two steel factories for automobiles, which it operates in Indiana, USA, as a joint venture with the world's largest steel maker, ArcelorMittal, to an American company. doing.



These factories produce steel products for Japanese automobile manufacturers that have production bases in the United States, but they are considering selling them because their production facilities are aging and their profitability is declining. is.



On the other hand, we are considering jointly constructing an electric furnace in Alabama, USA, which uses scrap such as scrap iron as a raw material and is said to be easy to adjust the production volume of steel products even if the market demand decreases. I will.



Nippon Steel is expected to have a final loss of 200 billion yen for the six months to last month due to the drop in demand for automobiles due to the spread of infection and the impact of trade friction between the United States and China. It is a big issue.



The company has decided to close the steelworks in Kure City, Hiroshima Prefecture, but plans to further review its production system in Japan and overseas.