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Article: Nippon Steel eyes India tieups as sector girds against takeovers.
- Article from:
- Japan Times (Tokyo, Japan)
- Article date:
- May 9, 2007
CopyrightCOPYRIGHT 2007 Japan Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kanako Takahara
May 9--In late March, Nippon Steel Corp. President Akio Mimura was in New Delhi to attend a board meeting for the International Iron & Steel Institute.
The meeting itself was nothing new. But it was reported a few days later that more interesting talks took place on the sidelines of the IISI meeting between Mimura and B. Muthuraman, managing director of India's steel giant Tata Steel Ltd.
Nippon Steel, the world's second-biggest steelmaker, refused to comment on what the two spoke about, but it admitted the two sides have started talks on increasing production to meet rising automotive sheet metal demand in India.
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