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China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

By Yahoo! Finance   |   Jul 23, 2024 at 05:49 AM EST
China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

China's Baosteel will buy Nippon Steel's 50% stake in their auto steel joint venture for $242 million. The joint venture is affected by weak steel demand in China due to shifts in the auto industry.

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