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Tokyo Steel Manufacturing Co ( (JP:5423) ) has shared an update.
Tokyo Steel Manufacturing Co., Ltd. has announced an investment to modify the hot dip galvanizing line at its Okayama Plant, enabling the production of cold rolled coils. This strategic move aims to expand the company’s product lineup and meet the growing demand for low-CO2 steel products, aligning with global sustainability trends. The investment, amounting to approximately 10 billion yen, is expected to start operations in early fiscal year 2027, with an anticipated production output of 250,000 tons per year. The company expects this development to have an immaterial impact on its business results for the fiscal year ending March 31, 2026.
More about Tokyo Steel Manufacturing Co
Tokyo Steel Manufacturing Co., Ltd. operates in the steel industry, focusing on the production of electric furnace steel products. The company is known for its commitment to contributing to a decarbonized and resource-recycling society by expanding its product offerings to include low-CO2 steel products.
YTD Price Performance: 3.52%
Average Trading Volume: 300
Technical Sentiment Signal: Sell
Current Market Cap: $1.21B
For detailed information about 5423 stock, go to TipRanks’ Stock Analysis page.