China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture


FILE – Nippon Steel Corporation’s logo is displayed on a sign outside its headquarters in Tokyo on Nov. 26, 2021. China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million. (AP Photo/Hiro Komae, File)



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