Nippon withdraws from JV with China's Baosteel

Japan’s Nippon Steel announced it is withdrawing from a joint venture (JV) with China’s Baoshan Iron & Steel (Baosteel) that serves the Chinese automotive industry.

Nippon and Baosteel established Baosteel-Nippon Steel Automotive Steel Sheets Co. Ltd. (BNA) in 2004. The JV manufactures and sells cold-rolled and hot-dip galvanized sheet in China.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.