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Home Steel News Nippon Steel to become the holder of Usiminas
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Nippon Steel to become the holder of Usiminas

10 Nov 2006 15:13 reported by Vivian Lin

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Japanese Nippon Steel and Usiminas have made an agreement that Nippon will buy the shares of Usiminas from CVRD and become the common stock’s holder in the company. Nippon plans to increase and extend its steel supply to local Japanese automobile companies in South America by this program. Actually, to become a shareholder in local steel company is part of Nippon’s strategy to cooperate with steel companies abroad.
(Nov. 10)

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