Nippon Steel, Wuhan Iron to Establish Joint Venture in China
Bloomberg reports that Nippon Steel Corp. (TYO:5401) and Wuhan Iron & Steel Group (SHA:600005) will invest 24 billion yen ($293 million) to set up a tinplate venture in China.
Bloomberg reports that Nippon Steel Corp. (TYO:5401) and Wuhan Iron & Steel Group (SHA:600005) will invest 24 billion yen ($293 million) to set up a tinplate venture in China.
By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
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