Arcelor joins Baosteel, Nippon Chinese steel JV


BRUSSELS, Dec 23 (Reuters) - Arcelor , the world's largest steelmaker, said on Tuesday it had agreed to join a venture with Baosteel Corp and Nippon Steel to supply flat steel to the Chinese automotive sector. Top Chinese steel maker Baosteel and Japanese peer Nippon said in July they would build a 50-50 plant to produce thin steel plates for cars and had invited Arcelor to join the venture. Baosteel will hold 50 percent of the venture, while Nippon and Arcelor will own 38 percent and 12 ...

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