It seems only natural that their subsidiary companies should do likewise. This is the kind of news article/announcement that could put the most interested metals analyst to sleep. Two subsidiary companies of two bigger companies that already merged are going to merge. Will wonders ever cease.
住金物産と日鉄商 事、１０月に合併へ 経営資源を集約
鉄鋼などを扱う住金物産（本社・大阪 市）と日鉄商事（同・東京都千代田区）は ７日、１０月をめどに合併すると発表し た。経営資源を集約して、競争力を強化す る狙い。合併比率や新会社の社名などは今 後、検討する。
両社は、昨年１０月に合併した新日鉄住 金の持ち分法適用会社。両社の２０１２年 ３月期の連結売上高は計約１兆９千億円 で、このうち約７割を鋼材が占めている。 親会社の合併に伴い、昨年末から経営統合 を検討していた。
http://www.asahi.com/business/update/0207/TKY201302070286.html
Sumikin Bussan and Nippon Steel to merge in October, consolidate management resources
Sumikin Bussan which deals in products such as iron and steel (Headquartered in Osaka) and Nippon Steel (headquartered in Chiyoda Ward, Tokyo) announced on the 7 th that they will merge in October. The aim is to consolidate management resources and strengthen their competitiveness. The merger ratio and new company’s name will be decided later.
Both companies are equity-method affiliates of the Nippon Steel Sumitomo Metals merger from last October. The two companies 2012 March earnings were approximately 1.9 trillion yen, and approximately 70% of this was steel. Following their parent companies’ merger, both companies have been studying management consolidation.
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