Nippon Steel, Posco eye expansion of partnership
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Japanese steelmaker Nippon Steel is considering expanding its business partnership with South Korea's Posco amid a global realignment in the steelmaking industry.
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Stock in Pittsburgh-based US Steel Corp. and other publicly traded domestic steel companies posted large gains Monday on news of a three-way merger that will create the world&#39;s largest steelmaker.
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Japan and the European Union will launch talks next month to enhance economic cooperation in the first step to a long-shot possibility of a free trade deal, officials said Wednesday.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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By Kyodo News International, Tokyo  Feb. 16--TOKYO -- Steelmaker Tokyo Kohtetsu Co. appears likely to see its  plan to become a subsidiary of Osaka Steel Co.
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Toll Holdings Ltd.'s  Pacific  National unit has won a A$1 billion ($780 million), seven-year  contract to transport steel for Bluescope Steel Ltd.   and OneSteel Ltd. , sending Toll's shares up 2.5  percent.
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TORONTO/NEW YORK  - U.S. Steel Corp  is to acquire Stelco Inc  for about $1.1 billion to strengthen its position as a supplier of flat-rolled steel products in North America, the companies said.
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Anglo-Dutch steelmaker Corus will merge with Tata Steel next month once the Indian company's shareholders approve the 13.7-billion-dollar takeover, Tata said.
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The foreign ministers of Japan and South Korea agreed Saturday to strengthen bilateral cooperation and push forward the ongoing negotiations on reaching a free trade agreement (FTA).
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Nippon Steel Corp. has told Toyota, Honda and Nissan it wants to raise steel prices for the second time this year, the Asahi Shimbun reports.
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U.S. and global steel markets are poised for medium and long-term growth, two top global steel executives said on Thursday.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steel maker after winning a dramatic bid battle for Anglo-Dutch group Corus   with a 6.2 billion pound ($12.2 billion) offer.
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Steel shares hit seven-year highs yesterday after Nissan said the metal is in short supply in Japan. US Steel rose $3.30, or 7%, to $51.25, while Nucor surged $2.90 to $54.05, an all-time high.
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POSCO Co. Ltd. (005490.KS) surged as much  as 3.8 percent on Friday after U.S. investor Warren Buffett's  firm Berkshire Hathaway Inc. said it owned a 4 percent stake in  the South Korean steel maker as of the end of 2006.
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Arcelor Mittal , the world's largest steelmaker, will expand its leading position in Mexico with the purchase of integrated steel producer Sicartsa from Grupo Villacero for $1.439 billion.
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POSCO , the world's fourth-largest steel maker, started in early December to reduce monthly stainless steel output by 20 percent, responding to slower demand, company officials said on Friday.
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The Japanese retailer eyes acquisitions to spur U.S. growth.