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Nippon Steel, Sumitomo Metal merge

TOKYO, Japan - Nippon Steel & Sumitomo Metal Corp. Chairman Shoji Muneoka (R) and President Hiroshi Tomono shake hands in Tokyo on Oct. 1, 2012, after the company was established by the merger of major steelmakers Nippon Steel Corp. and Sumitomo Metal Industries Ltd. to become the world's second-largest steelmaker.

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Nippon Steel, Sumitomo Metal merge

TOKYO, Japan - Nippon Steel & Sumitomo Metal Corp. Chairman Shoji Muneoka (R) and President Hiroshi Tomono shake hands in Tokyo on Oct. 1, 2012, after the company was established by the merger of major steelmakers Nippon Steel Corp. and Sumitomo Metal Industries Ltd. to become the world's second-largest steelmaker.

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FTC senior official Fukamachi

TOKYO, Japan - Masanori Fukamachi, senior officer for mergers and acquisitions at the Economic Affairs Bureau of the Japan Fair Trade Commission, speaks during a press conference in Tokyo on Dec. 14, 2011. The antimonopoly watchdog announced the same day that it has conditionally approved the planned merger between Nippon Steel Corp. and Sumitomo Metal Industries Ltd., paving the way for the creation of the world's second-largest steelmaker by output.

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Nippon Steel, Sumitomo Metal to merge

TOKYO, Japan - Nippon Steel Corp. President Shoji Muneoka (L) and Sumitomo Metal Industries Ltd. President Hiroshi Tomono shake hands at a hotel in Tokyo on Sept. 22, 2011. The two companies announced they have agreed to merge on Oct. 1, 2012, creating the world's second-largest steelmaker.

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Nippon Steel, Sumitomo Metal to merge

TOKYO, Japan - Nippon Steel Corp. President Shoji Muneoka (L center) and Sumitomo Metal Industries Ltd. President Hiroshi Tomono (R center) speak to reporters after a press conference in Tokyo on Feb. 3, 2011. The No. 1 and No. 3 steelmakers in Japan announced the same day their plan to merge by Oct. 1, 2012, to become the world's second-largest steelmaker in terms of crude steel production capacity.

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Nippon Steel, Sumitomo Metal to integrate management

TOKYO, Japan - Nippon Steel Corp. President Shoji Muneoka (L) and Sumitomo Metal Industries Ltd. President Hiroshi Tomono shake hands prior to a press conference in Tokyo on Feb. 3, 2011. The No. 1 and No. 3 steelmakers in Japan announced the same day their plan to integrate their management in October 2012 to become the world's second-largest steelmaker in terms of crude steel production capacity.

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Kawasaki, NKK to integrate operations in 2002

TOKYO, Japan - Yoichi Shimogaichi (L), president of NKK Corp., Japan's second-largest steelmaker, and Kanji Emoto, president of Kawasaki Steel Corp., ranking third, shake hands at a news conference in a Tokyo hotel on April 13. They announced that the two companies have agreed to integrate their operations in October 2002 under a joint holding company.

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Nippon Steel, Usinor sign global alliance deal

TOKYO, Japan - Makoto Kihara (R), executive vice president of Nippon Steel Corp., and Jean-Louis Ricaud, senior executive vice president of Usinor SA, shake hands at a press conference in Nippon Steel's head office in Tokyo on Jan. 23. Nippon Steel, the world's second-largest steelmaker, and France's Usinor, Europe's largest steelmaker, signed an alliance agreement in the business of steel sheets for use in automobiles.

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Toa Steel decides to liquidate

Satoru Nomura, president of Toa Steel Co., Japan's second-largest electric-furnace steelmaker, makes a bow at a news conference Thursday Sept. 3 after announcing a decision to liquidate the company and hand over most of its assets, operations and workers to a company to be set up by its parent NKK Corp. The company's total liabilities are estimated to eclipse its combined assets by 46 billion yen.

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Nippon Steel, Sumitomo Metal to merge

TOKYO, Japan - Nippon Steel Corp. President Shoji Muneoka (L) and Sumitomo Metal Industries Ltd. President Hiroshi Tomono shake hands at a hotel in Tokyo on Sept. 22, 2011. The two companies announced they have agreed to merge on Oct. 1, 2012, creating the world's second-largest steelmaker. (Kyodo)

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Nippon Steel, Sumitomo Metal to merge

TOKYO, Japan - Nippon Steel Corp. President Shoji Muneoka (L center) and Sumitomo Metal Industries Ltd. President Hiroshi Tomono (R center) speak to reporters after a press conference in Tokyo on Feb. 3, 2011. The No. 1 and No. 3 steelmakers in Japan announced the same day their plan to merge by Oct. 1, 2012, to become the world's second-largest steelmaker in terms of crude steel production capacity. (Kyodo)

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Nippon Steel, Sumitomo Metal to integrate management

TOKYO, Japan - Nippon Steel Corp. President Shoji Muneoka (L) and Sumitomo Metal Industries Ltd. President Hiroshi Tomono shake hands prior to a press conference in Tokyo on Feb. 3, 2011. The No. 1 and No. 3 steelmakers in Japan announced the same day their plan to integrate their management in October 2012 to become the world's second-largest steelmaker in terms of crude steel production capacity. (Kyodo)

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FTC senior official Fukamachi

TOKYO, Japan - Masanori Fukamachi, senior officer for mergers and acquisitions at the Economic Affairs Bureau of the Japan Fair Trade Commission, speaks during a press conference in Tokyo on Dec. 14, 2011. The antimonopoly watchdog announced the same day that it has conditionally approved the planned merger between Nippon Steel Corp. and Sumitomo Metal Industries Ltd., paving the way for the creation of the world's second-largest steelmaker by output. (Kyodo)

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Kawasaki, NKK to integrate operations in 2002

TOKYO, Japan - Yoichi Shimogaichi (L), president of NKK Corp., Japan's second-largest steelmaker, and Kanji Emoto, president of Kawasaki Steel Corp., ranking third, shake hands at a news conference in a Tokyo hotel on April 13. They announced that the two companies have agreed to integrate their operations in October 2002 under a joint holding company.

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Nippon Steel, Usinor sign global alliance deal

TOKYO, Japan - Makoto Kihara (R), executive vice president of Nippon Steel Corp., and Jean-Louis Ricaud, senior executive vice president of Usinor SA, shake hands at a press conference in Nippon Steel's head office in Tokyo on Jan. 23. Nippon Steel, the world's second-largest steelmaker, and France's Usinor, Europe's largest steelmaker, signed an alliance agreement in the business of steel sheets for use in automobiles.

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Toa Steel decides to liquidate

Satoru Nomura, president of Toa Steel Co., Japan's second-largest electric-furnace steelmaker, makes a bow at a news conference Thursday Sept. 3 after announcing a decision to liquidate the company and hand over most of its assets, operations and workers to a company to be set up by its parent NKK Corp. The company's total liabilities are estimated to eclipse its combined assets by 46 billion yen.