Tag: Japan: Nippon Steel to acquire two Thai EAF steel mills with total capacity of 3 mn t

Japanese steel major Nippon Steel Corp. has confirmed plans to acquire two Thai electric furnace companies in 2022, as per latest reports. The companies to be acquired are G Steel and GJ Steel. The combined annual production capacity of the two companies’ hot-rolled steel sheets stands at over 3 mn t, which is considered to…