Kobe, US steel agree $400 mln capacity expansion

TOKYO, Dec 2 (BestGrowthStock) – Kobe Steel Ltd (5406.T: ), Japan’s
fourth-biggest steelmaker, said on Thursday it had agreed with
U.S. Steel Corp (X.N: ) to add a 500,000 short tons a year
automotive sheet steel capacity at their 50-50 joint venture
Pro-Tec Coating Co in Ohio.

The total investment cost is $400 million and they aim to
start operating the line in early 2013, Kobe Steel said.
(Reporting by Yuko Inoue; Editing by Michael Watson)

Kobe, US steel agree $400 mln capacity expansion