Nucor forms joint venture with Mitsui

Steelmaker Nucor Corp. has entered into an agreement with Japan-based steel products manufacturer Mitsui & Co. Ltd. to form a new company called NuMit LLC, Nucor said March 2.

Under the agreement, each company will indirectly own a 50% interest in the newly created company, which will invest in various steel and steel-related activities in North America and globally.

[Industry Week]