Nippon Steel Corp. is considering selling off its two automotive steel plants in the U.S. state of Indiana as part of global restructuring given a slump in demand amid the coronavirus pandemic, a company source said Wednesday.
Because its partner ArcelorMittal S.A., which jointly owns a company running the two plants, has decided to sell its share to a U.S. steel-maker, the leading Japanese steel-maker is thinking of following suit, the source said.
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