ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Nippon Steel to buy Thai steelmakers in $772m deal

G Steel's and GJ Steel's electric furnaces to help Japan maker emit less carbon

Nippon Steel's acquisitions in Thailand come as the company reduces its capacity in Japan, in line with falling demand in its home market.
Nikkei staff writers | Japan

TOKYO -- Nippon Steel on Friday announced it will acquire two electric-furnace steelmakers in Thailand, G Steel and GJ Steel, in a deal that could reach about 88 billion yen ($772 million).

Nippon Steel will use the acquisitions to strengthen its business in Southeast Asia and help reduce its carbon footprint.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close