Nippon Steel and Sumitomo Metal will start manufacturing business of high grade steel sheet for automobile, shaped steel for building material and steel bar for reinforcing steel in Indonesia, with Krakatau Steel, government-managed major iron and steel maker in Indonesia. They made agreement to study particularly for joint business of manufacturing and sales of steel sheets for automobile, and start to supply high grade steel sheet in Indonesia which output of automobile is rapidly increasing. About building products, Osaka steel, a group company, entertain joint business.
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