Nippon Steel Corporation has announced plans to merge three of its pipe subsidiaries—including Kokan Co., Ltd. and Nippon Steel Kokan Finetube Co., Ltd.—into a single entity called Nippon Steel Finetube Co., Ltd., effective January 1, 2026.
The subsidiaries have supplied steel pipes for automotive, construction machinery, and industrial machinery sectors, but now face structural market challenges, including:
-
Weak domestic steel demand
-
Labor shortages
-
Shifting demand due to vehicle electrification
The merger aims to enhance management efficiency, optimize production, and strengthen corporate structure to better respond to changing industry needs.
The new entity will focus on:
-
Improving customer responsiveness
-
Enhancing solution-proposal capabilities
-
Building a stronger operational framework for long-term competitiveness.
VietnamSteel by Hoa Sen Group
