Latest Tokyo Brief coverage on NAKAYAMA STEEL WORKS, LTD., tracking filings, financial news, and market signals from Japan.
TSE:5408
Nakayama Steel resumed hot rolling on October 17 after the September 12 fire, but downstream lines are still returning to normal in stages, the cause is under investigation and the financial hit has not been quantified.
Yodoko paid ¥4.9bn from its own funds for 10.70% of Nakayama Steel Works on October 2, saying the stake supports an alliance to spread high-value electric-furnace steel.
A fire that burned power cables serving reheating-furnace equipment at Nakayama Steel Works' Osaka plant has stopped the hot-rolling mill, though no one was hurt and downstream processing continues normally.
Current holdings disclosed by tracked funds.