The New York Times その他

Japan’s Steel Industry Heats Up on Merger Plans

Nippon Steel and Sumitomo Metal Industries said they envisioned merging by October 2012, a move that could reduce costs and ease the impact of rising prices for raw materials. Shares of Japan’s steelmakers climbed on the news as investors expect the deal to lead to further consolidation in the industry. This Reuters Business video explores the implications of the planned merger.