Steel giants BlueScope and Nippon Steel in $1.4 billion venture

BlueScope and Nippon Steel, Australia and Japan’s biggest steelmakers, have announced a $1.4 billion joint venture in a bid to capture greater market share. Australian firm BlueScope has agreed to sell 50% of its South East Asian and North American building products business to Nippon for $540 million in cash. The proceeds are expected to help ease BlueScope’s debt burden. BlueScope s…



































