30
Sep
11:27
NSSMC could boost overseas investment
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) could boost investment and increase its overseas focus from 2018. The current focus of its capital expenditure is on upgrading domestic facilities, Kallanish notes.
NSSMC is spending JPY 300 billion ($2.5 billion) on overseas investments between now and March 2018. The company could set aside an even larger fund for overseas investments after that, president Kosei Shindo says.
The firm is curre…
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Anonymous
Very good overview of the weekly steel market.
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