Nippon Steel, Sumitomo Metal Industries, and Kobe Steel Strengthen Formation of Alliance

摘要

According to Mr. Mimura, President of Nippon Steel Corporation, the period when acquisition of stock of Sumitomo Metal Industries' holding company under joint mnagement by Nippon Steel and Kobe Steel has not yet been fixed. Mimura says that the stock acquisition means not only the 3 firms' cross holding but also their building up a closer connection.