14
May
01:00
NSSMC goes further downstream to tackle automotive weight reduction demands
Japan’s Nippon Steel & Sumitomo Metal Corporation (NSSMC) tells Kallanish it has increased its holding in an automotive parts manufacturer, to get closer to the component weight reduction issues now dominating automotive market thinking.
The steelmaker says that it has accepted a third-party allocation of treasury stock from Japan’s Unipres Corporation and will additionally acquire 5.6% of Unipres shares. NSSMC currently possesses 10.9% of Un…
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Anonymous
Very good overview of the weekly steel market.
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