16
May
09:47
NSSMC to merge stainless steel arms
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) plans to make Nisshin Steel a wholly-owned subsidiary and combine the whole group’s stainless steel sheet arms under one operation. The move will leave Nisshin renamed, de-listed and significantly smaller, Kallanish notes.
NSSMC plans to swap its shares for shares in Nisshin effective 1 January 2018, taking the company off the Tokyo Stock Exchange and making it a 100%-owned subsidiary. The g…
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Very good overview of the weekly steel market.
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