Japan is making a move to invest in Thai steel. Nippon Steel Corp, the largest manufacturer of steel in Japan has announced a strategic deal to buy stakes in two major steelmakers in Thailand. The deal is reported to be worth as much as US $763 million – about 25 billion baht. The giant steelmaker has been interested in acquqiring G Steel and GJ Steel, the two Thai companies in the purchase deal, as they utilise a different technique to produce their steel. The Thai businesses use electric arc furnaces, which creates liquid steel out of scrap steel buy using […]
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