07
Nov
07:25
JFE transfers stake in pipe-making subsidiary
JFE Steel Corporation has signed a share transfer agreement with Riken Corporation to transfer 76.556% of its shares in JFE Pipe Fitting Mfg. Co., Ltd. to Riken.
This leaves JFE Steel with a 9.994% stake in JFE Pipe Fitting, Kallanish learns. JFE Pipe Fitting was founded in 1935, and it produces high-quality fittings and prefabricated piping under its Ring brand as a specialized manufacturer of piping systems within the JFE group.
However, JFE expects the do…
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Anonymous
Very good overview of the weekly steel market.
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