BlueScope, NSSMC start up coated products JV
Mar 28, 2013 | 11:09 AM
| Weilyn Loo
SINGAPORE Australias BlueScope Steel Ltd. and Japans Nippon Steel & Sumitomo Metal Corp. (NSSMC) have begun operations at their $1.36-billion coated products joint venture.
The sale of a 50-percent stake in BlueScopes coated steels unit to NSSMC was concluded March 28. Through the partnership, BlueScope hopes to tap into the bigger markets and new technologies, in addition to pocketing $540 million from the sale.....
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