Business / Corporate Nov 20, 2019
Major Japanese steel-maker JFE Steel acquires 50% stake in Chinese rival
Major Japanese steel-maker JFE Steel Corp. has acquired a 50 percent stake in a unit of China's top steel-maker, China BaoWu Steel Group Corp., and will start making high-grade specialty bar steel for Japanese automakers in China. JFE will inject 690 million yuan (¥10.64 billion; ...