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March 27, 2015 6:45 PM ET

Metals and Mining

Company Overview of JFE Steel Corporation

Company Overview

JFE Steel Corporation manufactures and sells steel products. It offers steel sheets, plates, shapes, electrical steels, pipes and tubes, stainless products, bars and wire rods, and iron powders; and titanium products. JFE Steel Corporation was formerly known as Kawasaki Steel Corporation and changed its name to JFE Steel Corporation in April 2003. The company was founded in 1950 and is based in Tokyo, Japan. It has sales offices in Osaka, Nagoya, Hokkaido, Tohoku, Niigata, Hokuriku, Chugoku, Shikoku, Kyusyu, Chiba, Kanagawa, Shizuoka, Okayama, and Okinawa, Japan; New York, New York; Mexico City, Mexico; Houston, Texas; Brisbane, Australia; Rio De Janeiro, Brazil; London, United Kingdom; Duba...

2-2-3 Uchisaiwaicho

Chiyoda-ku

Tokyo,  100-0011

Japan

Founded in 1950

42,923 Employees

Phone:

81 3 3597 3111

Fax:

81 3 3597 4860

Key Executives for JFE Steel Corporation

Chief Executive officer, President and Director
Age: 63
Executive Vice President of JFE Holdings Inc., Incharge of Finance Division of JFE Holdings Inc., Incharge of Investor Relations Division of JFE Holdings Inc., Incharge of Controller Division of JFE Holdings Inc. and Director of JFE Holdings Inc
Senior Vice President
Age: 59
Executive Vice President of Jfe Holdings Inc
Senior Vice President of JFE Holdings Inc., Head - Environmental Solutions Center of JFE Holdings Inc. and Head - DME Project of JFE Holdings Inc
Compensation as of Fiscal Year 2014.

JFE Steel Corporation Key Developments

Senaat Launches New Company at an Investment of AED 1.1 Billion with JFE Steel Corporation and Marubeni-Itochu Steel Inc

Senaat has joined hands with JFE Steel Corporation and Marubeni-Itochu Steel Inc. to launch Al Gharbia Pipe Company at an investment of AED 1.1 billion. Al Gharbia will be based in Khalifa Industrial Zone of Abu Dhabi and will start production in 2018. Jamal Salem Al Daheri, chief operations officer of Senaat, said the production capacity of the company will be 240,000 tonnes annually, 40% of which will be exported to eighbouring countries. Al Gharbia is a joint venture with a consortium consisting of two companies including JFE Steel Corporation and Marubeni-Itochu Steel Inc. (Misi), with Senaat being the major stakeholder.

Companhia Siderurgica Nacional and Asian Partners Agree to Proceed with Tie-Up of Mining, Logistics Units

Cia Siderurgica Nacional SA or CSN and its Asian partners in the Namisa iron ore venture have agreed to proceed with the tie-up of their mining and logistics operations. CSN's partners in the joint venture are Japanese trader Itochu Corp, Nisshin Steel Co Ltd, JFE Steel Corp, Kobe Steel Ltd, Posco Ltd. China Steel Corp. The Brazilian group holds 60% of the Namisa venture. CSN's board has cleared the company to transfer its Namura assets to its Congonhas Minerios SA unit. Under the terms of the transaction, CSN will hold 88.25% of Congonhas, with the Asian companies owning the rest on a cash and debt-free basis. The deal, which was announced last month, is subject to the parties agreeing on a business plan, as well as to regulatory and antitrust clearances. The transaction is now expected to close in 2015.

CSN , Itochu, JFE Steel, Kobe Steel, Nisshin Steel and Posco to Create New Firm

CSN and the partners with which it launched its Namisa iron ore venture agreed to create a new firm that combines assets of both companies. CSN holds 60% of Namisa and its partners are Itochu, JFE Steel, Kobe Steel and Nisshin Steel, together with Posco. The deal, which is conditioned on regulatory approvals, 'envisages the combination of the mining operations and part of the related logistics of CSN and Namisa, which will be segregated in a new company. CSN intention is to unite its mining assets, bringing together in a single company Namisa and its Casa de Pedra iron ore mine to create the third largest iron ore miner.

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