• search

Nippon Steel: Not talking with Mittal on expansion

Written by: Staff

TOKYO, Aug 24 (Reuters) Nippon Steel Corp, the world's third-biggest steel maker, said on Thursday it was not talking with Mittal Steel on expanding production capacity of their U.S. auto-use sheet steel joint venture.

''It is true that Nippon Steel is discussing a plan to boost production capacity at our U.S. plant, but no details have been decided,'' the company said in a statement.

The Nihon Keizai Shimbun business daily reported on Thursday that Nippon Steel and Mittal would invest a combined 30 billion yen (0 million) to double the capacity of their auto-use steel sheet plant in the United States by 2008.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more