06
Jun
11:44
Nippon Steel merges engineering subsidiaries
Japan’s Nippon Steel has announced it will merge two subsidiaries engaged in equipment manufacture. The company is also preparing to issue around $740 million of unsecured bonds, Kallanish notes.
Nippon Steel Texeng and Nippon Steel Nisshin Koki are both engaged in the design, construction and maintenance of steelmaking facilities, Nippon Steel says. Texeng is 100% owned by Nippon Steel and Nisshin Koki is 100% owned by Nippon Steel Nisshin. As of 1 July 2…
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Very good overview of the weekly steel market.
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