Nippon Steel sees big in India opportunity
Nippon Steel has teamed up with ArcelorMittal to bid around $6 billion for Essar Steel. Photo: Bloomberg
TOKYO: Japan’s top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become “an insider” to capitalise on growth of the world’s third-biggest steel market, a senior executive said.
“India will be the fastest-growing steel market in the world going forward,” Nippon Steel Executive Vice-President Katsuhiro Miyamoto told Reuters in an interview on Thursday.
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