Jul. 23, 2024
Nippon Steel Corporation
In 2004, Nippon Steel Corporation (Nippon Steel) and Baoshan Iron & Steel Co.,
Ltd. of China (Baosteel) established Baosteel-Nippon Steel Automotive Steel Sheets Co., Ltd. (BNA), a
joint venture company engaged in the manufacture and sale of cold-rolled steel sheets and hot-dip
galvanized steel sheets for automotive use in China. The management period of BNA will expire on August
29, 2024.
Today, Nippon Steel agreed with Baosteel to withdraw from the joint venture at the end of the current BNA
management period by transferring all of its stake in BNA to Baosteel, subject to receipt of regulatory
approvals and other closing conditions.
（References）Outline of BNA
Business ： Manufacture and sale of cold rolled and hot-dip galvanized steel sheets
Location ： Shanghai, China
Capital ： RMB 3 billion
Major Shareholders and Shareholding Ratios ： Nippon Steel 50%、Baosteel 50%
