Posted in | News | Ferrous Alloys and Metals | Iron and Steel | Automotive Materials

BaoSteel and Nippon Steel Form Chinese Steel Joint Venture

Jul 22 2003

China’s largest steel maker Baoshan Iron and Steel have signed an agreement with Nippon Steel to set up a joint venture to manufacture steel in China for the auto industry.

The $363 million joint venture will be 50:50 owned by the two companies.

The plant will produce steel plate for use in cars, to help satisfy demand from the rapidly expanding automotive industry.

For more information on automotive panels, click here.

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