News KOBE STEEL PRODUCTS.
Kobe Steel products 09 July, 2020, 11:25 AM IST. It falsified data to pass the failed products.Billionaire L N Mittal's ArcelorMittal, Chaudhary said, is very ne...Aluminium castings, forgings and flat-rolled items, along with copper strips and tubes were among the products affected, the company said in a statement.Kobe Steel rocked Japan’s industrial economy with revelations this week that it faked data on the quality of some aluminum, copper and iron powder sales.The Nikkei ended 0.1 per cent higher at a fresh 21-year high of 21,363.05.The admission from the steel and aluminium maker follows similar scandals at Japanese companies including Nissan Motor, Mitsubishi Motors and Takata Corp.Kobe Steel is just the latest in a string of corporate scandals involving data tampering and other methods of cheating to tarnish the Japan Inc quality stamp.The recommendation on the agency's website follows the company's admission that it has faked inspections data on products sold to hundreds of companies.Kobe Steel has an extensive role in global supply chains - the company produces engine valve springs found in half the world's cars, according to its website.SAIL today said it was going ahead with its joint venture with Japanese Kobe steel to set up an iron ore nugget plant in DurgapurThe partnership is strategic as it will aid better utilisation of the Ulsan facility as well as help serve increasing demand for lightweight rolled aluminium products across Asia On December 28, 2017, Reuters reported (“Shanghai cautions on products from scandal-hit Kobe Steel, tightens checks”) that Shanghai has issued a warning on the safety of metal products manufactured by scandal-hit Japanese firm Kobe Steel Ltd . Nissan Executive Vice President Daniele Schillaci has bowed deeply for several seconds in a Japanese-style apology to express remorse for widespread illegal inspections at the automaker.Essar Steel on Wednesday said it has signed agreements to collaborate with Japan's Kobe Steel for manufacturing high-value steel products for use in the automotive sector.“As a company, we constantly identify business opportunities that allow us to deliver maximum value across our global operations and we continue to see Asia as a strategic market.”While there’s no safety risk, cos operating the Shinkansen trains said they found Kobe Steel components that failed to meet Japanese industry standards.Hunt for the brightest engineers in IndiaJapan's Kobe Steel has admitted that it sold products that failed quality control tests to about 500 companies. Other Kobe Steel USA companies manufacture iron, machinery, real estate, silicon wafers, steel, and welding products. However all the production units are running with lower capacities and lesser numbers of staff.India is likely to register its first monthly trade surplus in over 18 years in June.Initial estimates for June, available with the commerce department, show a trade surplus of around $786 million, with imports pegged at $21.1 billion and exports at $21.9 billion.India has been observing a nationwide lockdown since March 25, which has impacted production, demand and supplies of steel in the country. and strengthened scrutiny measures, state-owned Xinhua News … Kobe Steel products 26 June, 2020, 08:05 PM IST.