Nippon Steel later acquired that to hold a 50% share in the 20-year-old joint venture. Baosteel's share price fell 2.5% on Tuesday. Nippon Steel's shares were up 0.3%.

Nippon Steel (OTCPK:NISTF) said its Chinese partners have no control over the steelmakers' operations or business decisions out of China, including in the US. The Chinese partners also have no ...

BANGKOK--China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million. The contract for the joint venture, Baosteel ...