REFILE-Nippon Steel, Baoshan China JV plans $180 mln expansion

Newswire

(Removes superfluous letter in headline) TOKYO, Sept 5 (Reuters) - Japan's Nippon Steel & Sumitomo Metal Corp said its joint venture with China's Baoshan Iron & Steel will spend 1.1 billion yuan ($180 million) to boost output of automotive steel sheet to meet growing demand in China. The investment is the latest move in a global expansion by Nippon Steel, the world's second-biggest steel maker, aiming to increase its presence in growing markets such as ...

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