News In Brief

Joint venture brings Japan into American Big Steel

Japan took a giant step into the American steel industry Tuesday, with Nippon Kokan buying 50 percent of National Steel Corporation in the largest joint venture ever between a Japanese and American steelmaker.

Announcement of the $322 million deal came about a month after Pittsburgh-based National Steel called off a plan to merge with United States Steel Corporation because of anticipated antitrust objections.

You've read  of  free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
https://www.csmonitor.com/1984/0426/042643.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe