Sumitomo Metal says to lift auto-use steel output

Newswire

TOKYO, Nov 30 (Reuters) - Japan's Sumitomo Metal Industries Ltd. said on Tuesday it will invest some 25 billion yen ($243 million) to boost annual output of auto-use galvanised steel sheet by 30 percent. Japan's third-largest steel producer would invest in new facilities at its Kashima works in Ibaraki prefecture, eastern Japan, lifting its annual galvanised sheet output to 1.56 million tonnes in 2006 from 1.2 million. ($1=102.87 Yen)

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