NIPPON STEEL, INLAND DISCUSSING U.S. JOINT VENTURE
Nippon Steel Corp <NSTC.T> and <Inland
Steel Co> of the U.S. Are negotiating to set up a joint steel
venture in Indiana, a Nippon Steel spokesman said, declining to
give more details.
    Several local newspapers reported the joint venture would
be capitalised at 150 mln dlrs, owned 60 pct by Inland and 40
pct by Nippon Steel, and have annual production capacity of one
mln tonnes of steel to supply car makers.
 REUTER
