Nippon Steel Corp., the world’s second-largest steelmaker, said Tuesday no “concrete” decision had been made about expanding cooperation with bigger rival Arcelor Mittal.
Nippon Steel in July 2004 formed a venture with Arcelor and Baosteel Group Corp. to make sheet metal for autos in Shanghai. Mittal Steel Co.’s $38.3 billion purchase of Arcelor SA last year left the merged company to renegotiate where it may use Nippon Steel’s production technology.
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