Japan's Nippon Steel, Sojitz to own 49% of Canadian iron ore mine

Steelmaker looks to acquire high-quality ore for low-carbon production

20241219N Nippon Steel Sojitz

Nippon Steel and Sojitz expect to begin producing high quality iron ore in eastern Canada by around the end of the decade. (Source photos by Nikkei)

YUJI OHIRA, Nikkei staff writer

TOKYO -- Nippon Steel and trading house Sojitz will purchase a combined 49% stake in a Canadian iron ore mine, the two Japanese companies said Thursday.

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