- CNTV English - CCTV News

Nippon Steel ties up with Bluescope

07-29-2010 08:46 BJT

The world's number four steel maker Nippon Steel, has announced a deal with Australia's BlueScope. It's the latest overseas move by a Japanese mill.

The Japanese steel maker made a 705 million US dollar recurring profit in the second quarter, a return to the black but far below market expectations. Nippon Steel expects a full-year profit exceeding 2.5 billion US dollars, as mills recover on a pickup in Chinese demand and Southeast Asian infrastructure spending.

Facing weak domestic demand, Japanese mills are expanding overseas. One day earlier, rival JFE Holdings spent one billion US dollars for a 15 percent stake in India's third-ranked JSW Steel.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program