UPDATE 1-Nissan, POSCO plan steel sheet centre near Tokyo

Newswire

(Recasts after Nissan confirmation) TOKYO, Aug 30 (Reuters) - Nissan Motor Co. said on Thursday it and POSCO Co. will jointly set up a steel sheet processing centre near Tokyo to secure stable supply of cost-competitive South Korean-made sheet steel and other products. In early 2005, Nissan, Japan's third-biggest automaker, had been forced to suspend some vehicle production in Japan due to a lack of steel, and had sought emergency supply from POSCO. The stronger link with POSCO is also ...

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