Tokyo Steel Approves JPY 10 Billion Investment Plan for Okayama Plant Upgrade

Published: May 23, 2025 11:52
[SMM Flash News] Tokyo Steel held a board meeting and approved an investment and renovation plan with a total amount of 10 billion yen (approximately $74 million). The plan involves renovating the existing hot-dip galvanizing line at the Okayama plant into a dual-purpose line for both hot-dip galvanizing and continuous annealing. After the renovation, the company's total capacity for cold-rolled and galvanized products will reach 250,000 mt/year, and the line is expected to commence operation in early 2027.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
22 mins ago
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
Read More
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas. The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country. The regulation is set to take effect on April 3.
22 mins ago
Data: SHFE, DCE market movement (Mar 26)
2 hours ago
Data: SHFE, DCE market movement (Mar 26)
Read More
Data: SHFE, DCE market movement (Mar 26)
Data: SHFE, DCE market movement (Mar 26)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026
2 hours ago
Ongoing Middle East Tensions Continued to Disrupt the Market, with LME Zinc Fluctuating at Lows [SMM Zinc Morning Meeting Summary]
9 hours ago
Ongoing Middle East Tensions Continued to Disrupt the Market, with LME Zinc Fluctuating at Lows [SMM Zinc Morning Meeting Summary]
Read More
Ongoing Middle East Tensions Continued to Disrupt the Market, with LME Zinc Fluctuating at Lows [SMM Zinc Morning Meeting Summary]
Ongoing Middle East Tensions Continued to Disrupt the Market, with LME Zinc Fluctuating at Lows [SMM Zinc Morning Meeting Summary]
[SMM Zinc Morning Meeting Summary: The Ongoing Middle East Situation Continued to Disrupt the Market, and LME Zinc Fluctuated at Lows]: Overnight, LME zinc opened at $3,053/mt. After the opening, LME zinc fluctuated downward and hit an intraday low of $3,037.5/mt. It then continued to rebound from lows and touched a high of $3,090.5/mt near the close, eventually closing up at $3,081/mt, up $42.5/mt, or 1.4%...
9 hours ago
[SMM Flash News] Tokyo Steel held a board meeting and approved an inve - Shanghai Metals Market (SMM)