Nippon Steel, Tata in talks to form automotive sheet jv

Newswire

TOKYO, Jan 28 (Reuters) - Nippon Steel Corp , the world's second-biggest steelmaker, said it is in talks with India's Tata Steel Ltd to form an automotive sheet steel joint venture in India by the end of the 2012 fiscal year. The plant, which will be owned 51 percent by Tata Steel and the remaining 49 percent by Nippon Steel, will have a capacity to produce 600,000 tonnes a year of cold rolled sheet steel. The two companies aim to sign a formal agreement by June, Nippon Steel said. ...

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