27
Dec
03:17
Nippon Steel withdraws from China auto steelmaking
According to Japanese local media, Nippon Steel recently announced to withdraw the production plan of its subsidiary. It originally plans to produce special auto steel in Zhejiang Province, southeast of China, Kallanish notes.
At present, Nippon Steel intends to negotiate with local departments for measures, involving closing the factory. The company quitting production, named Worthington Special Steel Company, is a joint venture between Japan …
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Anonymous
Very good overview of the weekly steel market.
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