Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Japanese steel producer Nippon Steel announced today that it has decided to sell its 2894712 shares in South Korean S355M Grade E steel POSCP Holdings in order to improve asset operation efficiency. This type of shares has been held since the two parties reached a strategic alliance in 2000, and the alliance agreement was renewed by both parties in August of this year. Despite the sale of shares by Nippon S355M Grade E steel Steel, the two companies will continue to cooperate and focus on addressing issues of mutual concern, such as carbon neutrality and the mutual supply of steel billets. At present, the specific impact of this transaction on Nippon Steel's S355M Grade E steel financial situation for the 2024-25 fiscal year (up to March 2025) is not yet clear.
