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 To view this content, please take a free trial or subscribe to our service. Already registered? Log in Subscribe to the latest news: Personalized live and breaking news alerts Access live news and market information Access our market news archive back to 1997 Buy now Take a FREE 7 day trial: Access the past month's market insights Coverage from our experts embedded in the markets Try our global metal company database Take a trial 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}}
