Proposed Merger between Nippon Steel Corporation and Sumitomo Metal Industries, Ltd.

Case Title:

Nippon Steel Corporation, and Sumitomo Metal Industries, Ltd.

Notifying Date:

21 December 2011

Summary of Transaction:

PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S))

The Applicants
This notification is made jointly by Nippon Steel Corporation (“NSC”), and Sumitomo Metal Industries, Ltd. (“SMI”) (collectively, the "Parties") for the integration of their entire businesses (the “Merger”).

Description of the merger
This notification is in relation to the integration of the entire businesses of NSC and SMI. The Parties submit that given the intense nature of competition in the market, strong countervailing buyer power of customers, low barriers to entry, and other competitive characteristics of the relevant markets, the notified Merger will not result in a substantial lessening of competition.

Relevant good(s) or service(s) involved
The markets in Asia, at the narrowest, for the supply of:
(i) seamless steel pipes;
(ii) seamed steel pipes;
(iii) H-beams;
(iv) plates;
(v) hot-rolled steel sheets;
(vi) cold-rolled steel sheets;
(vii) galvanised steel sheets; and
(viii) retaining structures.

Decision

The proposed merger, if carried into effect, will not infringe the section 54 prohibition.

Decision Date:

10 February 2012.

Click here for the decision.

Click here for the addendum to the decision.