Nippon Steel & Sumitomo Metal (NSSMC) announced that Nippon Steel & Sumikin Coated Sheet, its subsidiary, has finished the investment to a joint venture with BlueScope from Australia. NSSMC bought the 50% share of the joint venture from BlueScope with an investment totaling US$540 million. The joint venture is named as NS BlueScope Coated Products and located in Singapore. The joint venture will be dedicated to producing and selling HDG sheet in Association of Southeast Asian Nations (ASEAN) and US with an annual capacity of 800,000 tons, 1,400,000 tons and 650,000 tons for CR, HDG and PPGI.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63746&division=A9
