NSSMC and Nisshin Steel to integrate welded stainless steel pipe & tube business

Nippon Steel & Sumitomo Metal Corporation, Nisshin Steel, and three other companies have exchanged a basic agreement to integrate and reorganize their welded stainless steel pipe & tube business around April 1, 2019. The integration includes merging the stainless ERW business into NSPC and merging NSSP and Nisshin Stainless Steel Tubing.

“The five companies exchanged a basic agreement concerning the integration and reorganization as follows.”sec.gov

• 1 source
• sec.gov425Aug 2, 2018

Summarized from public sources; check the original articles before acting on it.