Nippon Steel to Look for Alternatives to Russia, Ukraine for Raw Materials
February 27 2022 - 9:05PM
Dow Jones News
By Miho Inada
TOKYO--Nippon Steel Corp. said Monday that it is looking for
alternatives to Russia and Ukraine for supplies of raw
materials.
The company "is considering alternative sources for iron ore
depending on how the situation unfolds" in Ukraine, spokesman
Tsuyoshi Yoshizumi said.
He said 14% of Japan's imports of iron-ore pellets, which are
raw materials for steelmaking, come from Russia and Ukraine.
Alternative sources for the raw materials include Brazil,
Australia and other countries, he said.
Write to Miho Inada at miho.inada@wsj.com
(END) Dow Jones Newswires
February 27, 2022 20:50 ET (01:50 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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