NIPPON STEEL CORP. MAY SELL 2 OF ITS U.S AUTOMOTIVE STEEL PLANTS

Highlights –

• Nippon Steel Corp. may sell 2 of its U.S automotive steel plants.
• Its partner ArcelorMittal S.A jointly owns a company running the two plants.
• Nippon Steel has planned to close one of its plants in western Japan by September 2023.
• Japan’s output for crude steel fell by 4.8 percent to 99.28 million tons in 2019.

Nippon Steel Corp. has....