NSSMC gives a detailed development plan for three years

It is expected that the competition in the East Asian market, where the Nippon Steel and Sumitomo Metal Corporation mainly works. At the same time, the global demand for steel, according to forecasts, will grow by a moderate pace. The internal demand for steel in Japan will probably remain at about 60 million tons per year. NSSMC, which meets high standards in all areas, including advanced technologies and customer service levels, has developed a management plan for three years.

The plan is aimed at creating a competitive organization for the period until 2015, when the emerging steel plants in East Asia will work in full. The plan contains five key initiatives:

1) an increase in technological superiority due to the integration of science and production, the improvement of our leading technologies with a team of qualified researchers. Achieving significant progress in productivity by introducing innovation into work processes. Providing a high level of products for growing sectors, such as automotive, energy, foreign infrastructures of related industries. In addition, we will respond to the changing needs of customers and society through active efforts in studies of the new generation of materials for environmentally friendly energy sectors. The use of technological leadership will be a key factor for the implementation of all initiatives in the plan.

2) After the Business Integration in October 2012, we began to carry out specific measures in the direction of increasing price competitiveness. We will also continue to make efforts aimed at reducing costs in order to achieve world leadership and winning position in global competition.

3) rationalization of a network of steel -melting and rolling capacities, due to an effective combination of production capabilities and increasing the technological level. Kimitsu is going to leave two blast furnaces in the work (stove No. 3 will stop working around the end of 2015). At steelmaking plant No. 1, MNLZ No. 5 will stop operating in the first half of 2014 financial year. The transition to the work of one of two oxygen furnaces is planned (one furnace will be disabled until 2016). Vakaiama will delay the operation of the new blast furnace No. 2 (two existing blast furnaces will continue to work). We strive to ensure the operation of total capacity by increasing the efficiency of production lines, combining technologies of the former company and creating the optimal network of domestic production base in each region. The expansion of foreign production lines and the termination of the operation of production lines, which are