NSSMC opens first office in Vietnam

Japan’s Nippon Steel & Sumitomo Metals Corp (NSSMC) has opened its first office in Vietnam in a bid to “respond appropriately” to growing steel demand in the Southeast Asian nation.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The representative office was set up on January 1 in Ho Chi Minh City through the Japanese steelmaker’s Thai subsidiary, Nippon Steel & Sumitomo Metal (Thailand) Co, it announced on Friday February 27.

“With this new representative office, which collects information locally and serves as a contact for steel plate sales and technical service assistance, NSSMC intends to respond appropriately to growing needs in the Vietnamese market,” the company pointed out.

NSSMC noted that “sustainable economic growth” is projected for Vietnam over the medium to long terms.

“In terms of steel demand, it is also a promising growing market led by demand related to infrastructure and energy,” it added.

This is the tenth office opened in the Asia-Pacific region by Japan’s largest steelmaker – and the world’s number two, only behind ArcelorMittal.

The company has also offices in Beijing, Shanghai and Guangzhou, in China; Sydney and Perth in Australia; Singapore, Jakarta (Indonesia) and Bangkok (Thailand) in Southeast Asia; and New Delhi in India.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed