16
May
10:54
NSSMC sells down Posco stake
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) plans to sell 1.5 million shares in Korea’s Posco as it tweaks its asset holdings and financial structure, it says. The Japanese mill has discussed Posco also selling down a similar share in NSSMC but says that the share sales would not impact their troubled strategic cooperation, Kallanish notes.
The share sale would reduce NSSMC’s stake in Posco by more than a third to 3.32…
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Anonymous
Very good overview of the weekly steel market.
Anonymous