TOKYO -- JFE Steel will begin making specialty bar steel in China, the company said Tuesday, through an investment in a unit of the country's largest steelmaker.
Business deals
JFE to buy a 50% stake in China Baowu Steel unit
Japanese steelmaker to supply automakers with locally made specialty bar steel
JFE Steel's 50% purchase of Baosteel Special Steel Shaoguan will allow it to produce specialty steel in China for Japanese automakers.
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