21
Jan
08:18
Nippon Steel announces acquisition of Thai steelmakers
Leading Japanese steelmaker Nippon Steel has confirmed it will acquire controlling stakes in G Steel and GJ Steel of Thailand to make them subsidiaries.
The acquisition was signalled last month, when Nippon Steel executive vice president Takahiro Mori said the firm is in talks to buy an integrated steel mill in Southeast Asia, Kallanish notes. However, Nippon Steel denied news of the acquisition in mid-December.
On 21 January, Nippon…
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