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NPSCY Nippon Steel Corporation (PK)

7.23
0.0058 (0.08%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Nippon Steel Corporation (PK) USOTC:NPSCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0058 0.08% 7.23 7.16 7.46 7.33 7.18 7.275 21,293 21:19:53

Nippon Steel to Look for Alternatives to Russia, Ukraine for Raw Materials

28/02/2022 2:05am

Dow Jones News


Nippon Steel (PK) (USOTC:NPSCY)
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From Jun 2021 to Jun 2024

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By Miho Inada

 

TOKYO--Nippon Steel Corp. said Monday that it is looking for alternatives to Russia and Ukraine for supplies of raw materials.

The company "is considering alternative sources for iron ore depending on how the situation unfolds" in Ukraine, spokesman Tsuyoshi Yoshizumi said.

He said 14% of Japan's imports of iron-ore pellets, which are raw materials for steelmaking, come from Russia and Ukraine.

Alternative sources for the raw materials include Brazil, Australia and other countries, he said.

 

Write to Miho Inada at miho.inada@wsj.com

 

(END) Dow Jones Newswires

February 27, 2022 20:50 ET (01:50 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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