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Nakayama Steel Works,Ltd. ( (JP:5408) ) has shared an announcement.
Nakayama Steel Works, Ltd. has announced the conclusion of a joint venture agreement with Nippon Steel Corporation to establish a new electric arc furnace facility. This venture, set to be a consolidated subsidiary, aims to ensure a stable supply of low CO2 emission steel products, aligning with Nakayama Steel’s long-term growth strategy and environmental goals.
The most recent analyst rating on (JP:5408) stock is a Hold with a Yen603.00 price target. To see the full list of analyst forecasts on Nakayama Steel Works,Ltd. stock, see the JP:5408 Stock Forecast page.
More about Nakayama Steel Works,Ltd.
Nakayama Steel Works, Ltd. operates in the steel industry, focusing on the production of steel slabs and other steel products. The company is committed to enhancing its competitiveness by reducing CO2 emissions and expanding resource recycling, aligning with the growing demand for environmentally friendly steel products.
Average Trading Volume: 285,578
Technical Sentiment Signal: Sell
Current Market Cap: Yen31.99B
See more insights into 5408 stock on TipRanks’ Stock Analysis page.