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Comment on Media Report

April 2, 2010

Today, certain media reported that Kobe Steel, Ltd. would construct a steel mill in Vietnam.

Kobe Steel is currently considering the formation of a business in Vietnam to produce and market iron nuggets using the new ITmk3® ironmaking technology that it developed.

On Wednesday, March 31, Kobe Steel received an investment license from the Vietnamese government for this project.

Please click on the link below for further information.

Kobe Steel receives investment permission from Vietnam for ITmk3® project