BlueScope, NSSMC start up coated products JV

Mar 28, 2013 | 11:09 AM | Weilyn Loo

Tags  BlueScope, Nippon Steel & Sumitomo Metal, NSSMC, NS BlueScope Coated Products, coated steel, Paul O'Malley, Steel First, Weilyn Loo

SINGAPORE — Australia’s BlueScope Steel Ltd. and Japan’s 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 BlueScope’s 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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