News Forum - Nippon Steel makes $763 million acquisition of 2 Thai steelmakers

[Thaiger]

Japan is making a move to invest in Thai steel. Nippon Steel Corp, the largest manufacturer of steel in Japan has announced a strategic deal to buy stakes in two major steelmakers in Thailand. The deal is reported to be worth as much as US $763 million – about 25 billion baht. The giant steelmaker has been interested in acquqiring G Steel and GJ Steel, the two Thai companies in the purchase deal, as they utilise a different technique to produce their steel. The Thai businesses use electric arc furnaces, which creates liquid steel out of scrap steel buy using […]

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[Jason]

It's interesting that if you take this story back to the 1930's, Japan was buying up Australian iron ore and steel. It did come back to us, eventually.....as bombs....

[Faz]

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[Vince]

12 hours ago, Jason said:

It's interesting that if you take this story back to the 1930's, Japan was buying up Australian iron ore and steel. It did come back to us, eventually.....as bombs....

Is that what you call 'balance of trade'?