Japan's biggest steelmaker Nippon Steel Corp is in talks to buy a steel mill in Southeast Asia to secure iron-making resources in the growing market and step up its overseas expansion, a senior executive said. "The discussions are under way to secure iron sources in ASEAN," Takahiro Mori, executive vice president at Nippon Steel, told Reuters last week.He declined to comment on details, but said the deal could involve an electric furnace.
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