The merger of Nippon Steel and Sumitomo Metal Industries

The largest earthquake in Japan violated the work of half of the metallurgical industry.
Nippon Steel announced the flooding of the Kamayshi Steelworks plant, fire on Keihin Works, and power supply violations. In addition, damage to the railway and road highways prevented the restoration of steel smelting in Japan.

After the merger of Nippon Steel and Sumitomo Metal Industries, which are engaged in the production of rails and railway wheels, monopolized the entire market of Japan. Companies also plan to develop their presence in the world's automobile markets, supplying steel sheets from Nippon Stee and Sumitomo Metal Industries, to participate in the USIMINAS and Sumikin Stainess Steel Corporation.

The merger of companies should ensure a decrease in the cost of products and increase competitiveness in the world market.