HomeSteelSteel Archive Japan’s NSSMC to acquire Sweden's Ovako, make Sanyo Steel subsidiary Japan’s Nippon Steel and Sumitomo Metal Corporation will expand its global presence in special steels markets by acquiring Swedish special steels maker Ovako and making Japanese steel maker Sanyo Special Steel its subsidiary. The major Japanese steel producer intends to acquire Ovako from private equity fund Triton in the first half of the 2018 fiscal year subject to approval from the competition authorities, NSSMC said on Thursday March 15. Ovako produced 1.01 million tonnes of steel in 2017 from its electric-arc furnace (EAF) manufacturing facilities in... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Paul Lim March 15, 2018 13:10 GMT Singapore, London Keywords Japan NSSMC Sanyo Special Steel Ovako AB Sweden Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
