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Baoshan Iron & Steel, Baowu Aluminum Technology and Kobe Steel officially inaugurated their joint venture Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd. in Shanghai. Kobelco holds 50%, Baosteel and Baowu Aluminium jointly own the remaining 50%.
“Kobelco Baosteel will unify its sales channels and branding to serve a broad automotive market.”autonews.gasgoo.com
Summarized from public sources; check the original articles before acting on it.