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Kawasaki Steel Corp. said Monday it has reached a final agreement with Hyundai Pipe Co. on a business tieup that includes technology transfers and Kawasaki’s purchase of a stake of more than 10 percent in the South Korean steelmaker.

Under the agreement, the Japanese steelmaker will provide some 500,000 tons of hot-rolled coils per year to Hyundai Pipe, which is under the umbrella of Hyundai Motor Co., Kawasaki said in a statement.

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