|  | 12/04/2005 |
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Nisshin Steel and Nippon Metal Industry to announce Capital Participation
Nisshin Steel and Nippon Metal Industry announced the capital participation on the 11th. They had invested 1 billion yen each bilaterally by purchasing of stocks from market. That investment ratio of Nisshin Steel is 2.54%, and Nippon Metal Industry is 0.35%. The capital tie-up of the stainless steel sheet mill is the first time. They try to cooperate thoroughly as joint procurance of material and resource, cooperation for distribution, and affiliate collaboration a lot more than to entrust hot rolling of stainless slab from Nisshin Steel to Nippon Metal Industry. They try to respond to intense global competition caused by new mill and increasing capacity of existing mill in China, Korea and Europe.
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 | Nisshin Steel and Nippon Metal Industry to announce Capital Participation
| | Chung Hung Steel Corp in Taiwan Builds up the Pickling Line of Cold Rolling Factory
| | Firm Pickling and Coated Steel Sheet Prices in Tokyo
| | China Reduces Import Tariff to 3% for Thermal Coal
| | Ferrous Scrap Price Keeps Firm in Tokyo
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