Worthington finalizes China joint venture

Oct 21, 2013 | 08:16 AM |

Tags  Worthington Industries, NisshinSteel, Marubeni-Itochu Steel, MISI, cold-rolled strip mill, joint venture, Zhejiang Nisshin Worthington Precision Specialty Steel, ThyssenKrupp Wuhan Iron & Steel

CHICAGO — Steel processor and distributor Worthington Industries Inc. has finalized an agreement with Nisshin Steel Co. Ltd. and Marubeni-Itochu Steel Inc. to form a joint venture in China.

Zhejiang Nisshin Worthington Precision Specialty Steel Co. Ltd. will produce cold-rolled strip steel primarily for the automotive industry (amm.com, Oct. 1). Columbus, Ohio-based Worthington owns a 10-percent stake in....

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