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POSCO to sell its shares in Nippon Steel-不銹鋼展-2025第二十五屆廣州國(guó)際不銹鋼工業(yè)展--The 25th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
3/24/2025 不銹鋼展-Stainless Steel exhibition |
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South Korean steelmaker POscO Holdings has decided to sell all of its shares in Japanese steelmaker NipponSteel, according to media reports.
This comes after Nippon Steel announced last year that it was going to sell its own shares in PoSCO toimprove asset eficiency, as SteelOrbis reported previously. Within the scope of its restructuring process toimprove its financial strength, PoScO will sell its 1.5 percent share in Nippon Steel for KRW 467.8 bilion($318.93 million).
However, both companies stress that their strategic alliance will remain in place without any changes
不銹鋼展-2025第二十五屆廣州國(guó)際不銹鋼工業(yè)展-The 25th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
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