It s also aiming to increase sales to Japanese automakers such as Toyota. The demand increase has absorbed the China overcapacity Mimura said Sunday. If demand increases we may expand production. million metric tons a year of which tons are zinc galvanized steel sheets for automakers according to Baosteel. Nippon Steel holds percent and ArcelorMittal the largest steel maker in the world holds percent. in Shanghai on Monday. Its shares have risen more than fourfold in the past year. Nippon Steel shares have risen percent in the past months. Mimura said in April that the three companies were studying expanding production at the plant. For the time being there is no significant build up in inventory he said. Nippon Steel is shunning acquisitions around the world because the valuations of other companies are too high Mimura said. Now is not the best time to acquire a company he said. is not a Christian nation . Okinawans protest revisions to World War II hi! story . years after Che s death his image is a battleground . Fortune cookies offer advice of a different kind . Quest for new energy supplies is becoming tougher . Paris s churches In communion with a city . Real estate in China drives an IPO boom . Spanish royals feel a chill amid protests and criticism . Researchers in stem cell science awarded Nobel Prize in Medicine . No common ground in EU on currency . In Congo an epidemic of rape . Confessions document Holocaust in Ukraine . The Kite Runner is delayed to protect child stars . Far right Swiss party divides nation on immigrant issue . New anesthesia method blocks pain without numbness or paralysis . Army enlists anthropology in war zones . is not a Christian nation . The pros and cons of the shingles vaccine . India tries outsourcing its outsourcing . In Mumbai one man s meat is indeed another man s poison . Cloud of worry gathers over wireless health risks . The Chinese and Congo take a giant leap! of faith . In Congo an epidemic of rape . At McDonald s a take on t he classic designs of Arne Jacobsen . Confessions document Holocaust in Ukraine . The Kite Runner is delayed to protect child stars . Far right Swiss party divides nation on immigrant issue . Though water is drying up a Chinese metropolis booms IHT. Try it now .
Source: http://www.iht.com/articles/2007/10/08/business/sxsteel.php
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