New BlueScope and Nippon Sumitomo Metal JV Starts Up

BlueScope and Nippon Steel & Sumitomo Metal Corporation (NSSMC) today announced the official start-up of their US$1.36 billion Coated Products Joint Venture.

The sale of 50% of the Joint Venture businesses was completed today and BlueScope has received net proceeds of approximately US$540 million.

Further Information is available here.