Japan’s largest integrated mill Nippon Steel & Sumitomo Metal Corporation has received approval to take a controlling stake in Himeji-based Sanyo Special Steel, NSSMC said Friday. NSSMC announced last August that it was planning to acquire 51.5% of Sanyo by March 2019 to strengthen the company’s special steel business. NSSMC will have three special steel production bases in Japan in addition to Muroran Works in Hokkaido and Kokura section of Yawata Works in Kyushu after completing the acquisition of Sanyo.
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