Sumitomo Metal to lift auto-use steel output-paper

Newswire

TOKYO, Nov 30 (Reuters) - Sumitomo Metal Industries Ltd. plans to invest 25 billion yen ($243 million) to boost annual output of auto-use galvanised steel sheet by 30 percent by 2006, the Nihon Keizai business daily reported on Tuesday. The investment by Japan's third-largest steel producer in new facilities at its Kashima works in Ibaraki prefecture will lift galvanised sheet output to 1.6 million tonnes, the paper said. Japanese steel makers are having a hard time keeping up with ...

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