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02 Sep
08:20

Nippon Steel seeks overseas M&A

Japanese steelmaker Nippon Steel is seeking overseas mergers and acquisitions (M&A) in order to improve competitiveness, but not in Japan, according to Nippon Steel president Eiji Hashimoto. This is because Nippon Steel's main growth markets are India, the United States and ASEAN countries, rather than its home market, Kallanish notes. In response to the decline in demand caused by the Covid-19 pandemic, Nippon Steel temporarily suspended ab…
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