Printer Friendly

Nisshin Steel shelves stainless steel deal with Nippon Steel.

TOKYO, Dec. 4 Kyodo

Nisshin Steel Co., Japan's sixth-largest steelmaker, said Tuesday it has shelved its plan to integrate stainless steel operations with Nippon Steel Corp., Japan's biggest steelmaker, by the end of the year.

The decision was made as the steel products market has further worsened, making it increasingly difficult for the planned alliance to generate the desired results, Nisshin Steel said in a statement.

Nisshin Steel and Nippon Steel had been considering integrating their stainless steel operations since July 1999 as they lost money in the sector.

Nisshin Steel said it will continue to consider potential business alliances in other areas.
COPYRIGHT 2001 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:Nisshin Steel shelves stainless steel deal with Nippon Steel.
Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Dec 10, 2001
Words:103
Previous Article:Japan to allow patent attorneys to appear in court.
Next Article:Mad cow screening stepped up, old cows may come off market.
Topics:


Related Articles
Nippon, Nisshin steel firms announce stainless tie-up.
Nippon Steel, Nisshin to unify stainless operations.
Nippon Steel, Kobe Steel to form alliance.
Nisshin Steel to form tie-up with Spain's Acerinox.
Nippon Steel, Sumitomo Metal announce broad tie-up+.
Nippon Steel, Sumitomo Metal to set up stainless steel panel.
Nippon Steel, Nippon Metal to step up collaboration.
Kawasaki Steel, Nippon Yakin ally in stainless steel sector.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |