NSSMC to buy Swedish specialty maker

Nippon Steel & Sumitomo Metal Corp (NSSMC), Japan's largest integrated steelmaker, intends to acquire Swedish specialty steelmaker Ovako AB to expand its reach in special steel into Europe, the company announced on March 15.

Nippon Steel & Sumitomo Metal Corp (NSSMC), Japan’s largest integrated steelmaker, intends to acquire Swedish specialty steelmaker Ovako AB to expand its reach in special steel into Europe, the company announced on March 15. Stockholm-headquartered Ovako, whose history in steelmaking dates back over 300 years, sold 780,000 tonnes of