Nippon Steel teams up with Posco
Nippon Steel Corp. and South Korea's Pohang Iron & Steel
Co. (Posco) announced Wednesday that they have signed a contract
forming a strategic business alliance.
The world's No. 1 and No. 2 steel producers said their partnership
will raise their self-imposed ceiling on mutual cross-shareholding
to 3 percent from the 1 percent agreed to in 1998.
The two companies said they will soon set up a joint panel to
explore
...... Read more on The Japan Times Online
|