Mitsui & Co., Ltd. China Block
Iron & Steel Products
The Iron & Steel Products Business Unit of Mitsui & Co., Ltd. is striving to become a leading company in the global steel market with a focus on two core business areas – logistics transactions and business investments. As a member of the Business Unit, the Iron & Steel Products Segment in China aims to play the role of a leading unit for creating new value by taking preemptive actions to capture the ongoing economic growth in China.
All types of iron and steel products:
Automotive steel sheet, flat-rolled steel products, electrical steel sheet, tin plate, coated steel sheet, plate, tubular products, wire rods, bearing steel, specialty steel, stainless steel, aluminum sheet.
We pursue the development of businesses that cater primarily to customers in areas we consider strategically important – automotive, containers, EMS, infrastructure and construction materials. Our traditional business activities include: importing steel products from Japan and other foreign countries and then selling them in the domestic market; domestically selling steel products supplied by domestic Chinese steel makers; and exporting steel products from China. In addition to these conventional activities, we are working to enhance our capabilities from a customer perspective, including offering sophisticated just-in-time (JIT) services that leverage our inland processing operations, and to strengthen our business forefront activities.
Our investments include steel manufacturing operations (stainless steel, tin plate), steel processing and distribution service centers (we have established 20 service centers across China, of which 14 are joint ventures with Baoshan Iron & Steel Co., Ltd., a leading steel maker in China), which are absolutely essential in the development of sophisticated logistics systems that cater to the automotive and home appliances industries. In addition, we have made an entry into the parts business, which is central to the supply chain for automotive steel, aimed at creating synergies between such business and our service center operations mentioned above.