Nippon Steel to dissolve JV with China's Baoshan after 20 years

Nippon Steel to dissolve JV with China's Baoshan after 20 years

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024. REUTERS/Issei Kato/File Photo

Nippon Steel will dissolve its joint venture with China’s Baoshan Iron & Steel, it said on Tuesday, ending two decades of cooperation when their existing shareholders’ agreement expires at the end of August.