China's Baowu Steel Aluminium Unit Agreed To Proceed With Feasibility Study To Form Joint Venture With Kobe Steel's Local Unit

Kobe Steel

26/02/2024 02:15

Feb 26 (Reuters) - Kobe Steel Ltd  5406.T :
    * CHINA'S BAOWU STEEL ALUMINIUM UNIT AGREED TO PROCEED WITH
FEASIBILITY STUDY TO FORM JOINT VENTURE WITH KOBE STEEL'S LOCAL
UNIT
    * AIMING TO SET UP JOINT VENTURE THIS YEAR
    * CHINA AUTOMOBILE PRODUCTION EXPECTED TO GROW BY 3%
ANNUALLY
TOWARD 2030 DUE TO SHIFT TO ELECTRIC VEHICLES

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