TOKYO/BANGKOK, Jan 21 (Reuters): Japan's Nippon Steel said it will buy two electric arc furnace steelmakers in Thailand in a deal worth up to US$763 million, as it seeks to cut its reliance on blast furnaces that use coking coal and emit carbon dioxide.
The deal on Friday by Japan's biggest steelmaker is also aimed at securing iron-making bases in the growing market and expanding overseas business to offset falling demand in its home market, with its ageing and falling population.
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