Nippon Steel Corp. is considering selling off is wo automotive steel plants in the U.S. state of Indiana as par of global restructuring given a slump in demand amid the COVID-19 pandemic, a company source said on Wednesday.Because its partner ArcelorMittal S.A., which jointly owns a company running the two plants. has decided to sell its share to a U.S. steel-maker, the leading Japanese steel-maker is thinkina of following suit. the source said.With the COVID-19 pandemic dealing a fresh blow to an industry already struggling with fierce competition from Chinese rivals, Nippon Steel had already announced it will close a plant in Kure, Hiroshima Prefecture.by September 2023 to slash costs and improve profitabilityThe planned massive restructuring to cut back domestic outout will result in a reduction of Nippon Steel's annual output capacity by around 5 million tons, while generating a profit of roughly ¥ 10 billion (S95 million) according to the company.The world's No. 3 steel producer is focusing more on growing overseas markets, and last year bought Indiar steel-maker Essar Steel India Ltd. jointly with world No. 1 ArcelorMittal.
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.