TOKYO -- Nippon Steel plans to stop producing specialty steel for auto parts in China's Zhejiang Province, Nikkei has learned, with products now made at the plant to be supplied from Japan.
The plant is operated by Zhejiang Nisshin Worthington Precision Specialty Steel, a joint venture established in 2014 with Marubeni-Itochu Steel and American steelmaker Worthington Industries. Nippon Steel Nisshin, a wholly owned subsidiary of Nippon Steel, holds a 55% stake.
