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NEW BLUESCOPE Archives - Core Sector Communique

Tag «NEW BLUESCOPE»

NEW BLUESCOPE AND NIPPON SUMITOMO METAL JV STARTS UP

BlueScope and Nippon Steel & Sumitomo Metal Corporation (NSSMC) today announced the official start-up of their US$1.36 billion Coated Products Joint Venture. The sale of 50% of the Joint Venture businesses was completed today and BlueScope has received net proceeds of approximately US$540 million. “The proceeds from this investment by NSSMC strengthen BlueScope’s balance sheet and …

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