Daily Stock Setups

NIPPON STEEL'S SHEET PILES USED FOR SOUTH KOREA'S INCHEON BRIDGE

Posted on: Wed, 25 Nov 2009 23:52:00 EST

Symbols: NISTF

Are you looking to increase your ETF knowledge?

TOKYO, Nov 26, 2009 (AsiaPulse via COMTEX) --
NISTF | Quote | Chart | News | PowerRating -- Nippon Steel Corp. (TSE:5401)
said Wednesday that some 16,000 tons of its 38-meter
straight-web sheet piles were utilized to construct the
collision protection structures for the pier foundations of the
Incheon Bridge in South Korea.

The Incheon Bridge, which links Incheon International
Airport with New Songdo City, is the largest bridge in South
Korea and the seventh-largest bridge in the world.

Nippon Steel's straight-web sheet piles are a record 38
meters long, which is 50 per cent longer than normal and long
enough to be used even in deep waters without the need for
extensions and welding.

The Incheon Bridge represents the first use of these piles.
Nippon Steel did not disclose the value of the order, but it is
estimated to have been worth several billion yen.

To build the collision protection structures for the bridge,
the piles were connected in rings to form large cylinders,
which where then filled with sand.

Work on the Incheon Bridge began in 2005 and was just
completed in October of 2009. Nippon Steel made the piles at
its Yawata Works in Fukuoka Prefecture, which is near South
Korea, and began supplying them back in 2007.

(Nikkei)maz

For full details on (NISTF) NISTF. (NISTF) has Short Term PowerRatings at TradingMarkets. Details on (NISTF) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.