In October last year, we have made a fresh start as Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) Group, and now started the year of 2013. The current business environment is severe indeed, as we are facing double structural changes: changes in the Japanese and global economy; and changes in the steel industry.
In order for NSSMC Group to survive the severe environment and win the international competition, we will thoroughly put together strengths of both former companies, and act speedily and bravely to tackle challenges.
We will make our company robust and competitive by implementing the following four initiatives:
1. Improve cost competitiveness
2. Utilize advanced technologies
3. Globalize the steel business
4. Reinforce non-steel business segments
Using our world-leading technology and manufacturing capability, we strive to maximize the potential of steel as a fundamental industrial material and contribute to further growth of the global economies and the improvement of global society. We would like to ask your continued understanding and support.
Nippon Steel & Sumitomo Metal Corporation
Shoji Muneoka, Chairman & CEO
Hiroshi Tomono, President & COO