About us
About us

Message from the President

President & CEO of Mitsui & Co. Steel Ltd. Satoru Utsunomiya

Mitsui & Co. Steel Co., Ltd. is a comprehensive steel trading company that implements integrated management with Mitsui & Co., Ltd., which is active in a diverse range of business areas.
Steel has been described as the “rice of industry”, and the steel industry helped to support Japan as the country’s core post-War industry. The speed of change in the steel industry is accelerating every year, along with the industry’s growth in neighboring Asian countries and technological progress in steel manufacturing, and the industry is facing an increasingly greater competition on a global scale. It is also certain that progress in IT technologies, such as AI, IoT and DT (digital transformation), will bring a dramatic change to the business environment surrounding our company.

For the past half-century, Mitsui & Co.’s iron and steel products business group has engaged in steel business with global customers and steel manufacturers, not just in Japan but worldwide. It conducts business at the local level, and international trading. Our group has grown into a leader of the global steel industry, gaining the patronage of many customers around the world.

However, we refuse to be complacent about our past successes. In April 2018, we carried out a major organizational restructuring as part of efforts to rebuild a growth platform for the next five to ten years.
As a newly rejuvenated company, Mitsui & Co. Steel has set the following four key priorities for Fiscal 2018 onwards.

  1. (1)We will accurately identify trends in the digital revolution and changes in customer needs and markets. We will work in tandem with our suppliers as partners, as we set about building new business models beyond existing materials trading business, as we pursue further growth through repositioning ourselves in the supply chain.
  2. (2)As the core group company of the Iron & Steel Products Business Unit of Mitsui & Co., and as an organization for the realization of the Unit’s growth strategies, we will embody the Mitsui & Co. group’s unique comprehensive strengths, business investments and trading capabilities, and construct a new profit structure.
  3. (3)As our greatest weapon, we will use our comprehensive strengths achieved by utilizing the global customer assets held by Mitsui & Co. group both in Japan and overseas, its global network of branches and offices, and collaborating with a variety of other business units. In doing so, we will capture potential needs and the seeds of new business, both in Japan and around the world, and go on to develop new business.
  4. (4)We will be an attractive group of professionals that fully utilizes the comprehensives strengths of the Mitsui & Co. group, and each employee will be equipped with specialist expertise. At the same time, we will value an open-minded workplace environment, in line with is the corporate spirit of Mitsui & Co., and be a company that allows every employee to display his or her abilities to the full and achieve job satisfaction.

 

As we work towards achieving our vision, Mitsui & Co. Steel will continue to set out a variety of initiatives and take on bold new challenges.