Nippon Steel to exit JV with Baosteel, refocuses on US and India
Exiting its JV, Nippon Steel plans to sell its 50% stake in BNA to Baosteel, amid the shifts toward EVs and market competition
Nippon Steel, a leading steel producer from Japan, has announced its decision to exit a joint venture with Baoshan Iron & Steel (Baosteel), a significant move that marks the end of a long-standing partnership that symbolized China's advancements in modernizing its steel industry.
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