Kobe, Angang fashion auto steel joint venture in China

Oct 22, 2013 | 02:30 PM | Jo Isenberg-O’Loughlin

Tags  steel, Kobe Steel, Angan Steel, automotive sheet, cold-rolled sheet, high-strength steel, China venture, Kobelco Angang Auto Steel continuous annealing line

NEW YORK — Japan’s third-largest steelmaker has teamed with China’s sixth-largest steel producer to tap into a projected surge in demand for cold-rolled high-strength steel driven by the anticipated high-gear growth of China’s automotive industry.

Tokyo-based Kobe Steel Ltd. and Angang Steel Co. Ltd., a subsidiary of state-owned Anshan Iron & Steel Group Corp., signed a joint-venture agreement Oct. 17 to establish Kobelco Angang Auto Steel Co. Ltd., a China-based joint venture that will produce and sell advanced cold-rolled high-strength steel sheet for automotive use.....

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