TOKYO -- Nippon Steel's exit from its joint venture with China's Baoshan Iron & Steel, or Baosteel, was announced with little fanfare, an end emblematic of its fraught relationship with the student-turned-rival.
Companies
Nippon Steel ends stormy, half-century partnership with Baosteel
As Chinese steelmaker has gone from student to rival, Nippon Steel is at a turning point
Baosteel, a unit of Baowu Steel Group, has become one of the world's largest steelmakers by output. © Reuters
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