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Nippon Steel eyes larger overseas investment after 2018
2015-09-29 21:25:53| Steel - Topix.net
Japan's Nippon Steel & Sumitomo Metal Corp, which plans to spend 300 billion yen on overseas expansion by March 2018, may set aside a bigger amount in the following years to propel growth abroad, its president, Kosei Shindo, said. Nippon Steel's appetite for investments through mergers and acquisitions may pique the interest of global peers in selling assets as they suffer from slumping steel prices, with Chinese mills swamping global markets with cheap products.
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