Nippon Steel, Tata in talks on joint output-paper

Newswire

TOKYO, March 27 (Reuters) - Nippon Steel Corp. , the world's second-largest steel maker, is in talks with India's Tata Steel to jointly produce automotive sheet steel in India, the Nikkei business daily reported on Tuesday. The two companies are likely to invest about 50 billion yen ($423 million) to build a plant with an annual capacity to produce around a million tonnes of thin sheet mainly for auto bodies, the paper said. A Nippon Steel spokesman could not immediately confirm the ...

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