TOKYO -- The government-backed Japan Bank for International Cooperation plans to finance the bulk of Nippon Steel's $5 billion capacity expansion at an Indian joint venture, seeking to support a Japanese company's efforts to expand its presence in the global supply chain.
Commodities
Nippon Steel India JV to receive $5bn in Japanese loans for expansion
JBIC joins financing, aims to bolster Japan in No. 2 steel market
A Nippon Steel plant in India. The company aims to boost capacity at its Hazira site to 15 million tonnes. (Photo courtesy of Nippon Steel)
Read Next
Latest on Commodities
