22
Mar
11:05
Mitsui to hike NSSB stake as Walsh joins
Japanese trading house Mitsui & Co. plans to increase its stake in Nippon Steel & Sumikin Bussan (NSSB) from the current 11%, perhaps as soon as the coming fiscal year, Japanese media reports. The investment comes as the pair aim to strengthen their steel trading relationship, and as former Rio Tinto chief executive Sam Walsh joins Mitsui, Kallanish notes.
NSSB, the trading arm of Nippon Steel and Sumitomo Metal Corporation (NSSMC), would have to declare…
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Anonymous
Very good overview of the weekly steel market.
Anonymous