- To postpone a planned production capacity increase at its plant in the U.S. state of Indiana due to falling demand for steel sheet for use by automakers in North America.
- The two companies aim to go ahead with the plan when car production bounces back in the region because ''the North American market for steel sheet for car-use promises to grow over a medium or long term,'' the Japanese firm said in a statement.
- Note: An initial plan called for doubling the output capacity for galvanized sheet from 2010 at I/N Kote L.P., the 50-50 joint venture between Nippon Steel and ArcelorMittal headquartered in Indiana.

Other headlines for [5401.JP]

• 5401.JP Yesterday 01:02am
  Nippon Steel Nippon Steel may book security valuation losses of ¥57.9B- Losses made on securities holdings
  
• 1/7/2009 06:48pm
  (JP) Japanese steel makers and other manufacturers are seeking to have the govt bear part of personnel costs if production cuts or restructuring occurs - Nikkei- No further details disclosed at this more...
  
• 5401.JP 1/6/2009 08:31pm
  Nippon Steel Sumikin Stainless Steel unit plans to halt some of its steel output at the Kashima and Hikari plants - Japanese Press- The production will be halted for 6-months, starting in Feb. - According to the more...
  
• 12/28/2008 08:24pm
  FT is cautious on the global steel industry- The article notes that according to some analysts, 2009 steel output coud drop by at least 10% y/y, which would be the largest y/y drop in more than 60 more...
  
• 5401.JP 12/28/2008 06:17pm
  Nippon Steel Says has not made a decision on its earnings outlook- Over the weekend, the Nikkei reported that the company might cut its FY profit forecast.
  

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