Nippon and BlueScope start joint venture

Nippon Steel & Sumitomo Metal Corporation has made an agreement with BlueScope Steel Limited, Australia to establish a coated products joint venture in ASEAN and the U.S. The NSSMC Group will make an equity investment in the joint venture, through the purchase from BSL of 50 per cent of BSL’s equity holdings in operating entities in ASEAN and the U.S. that compose the Joint Venture, to organize them into a 50:50 joint venture between NSSMC and BSL as equal participants.
The coated products venture includes hot-dip galvanized sheets, painted sheets, and roll-formed building products.
The joint venture is called NS BlueScope Coated Products and is headquartered in Singapore.
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