Japanese Plan Steel Merger
(N.Z P A.-Reuter—Copyright) TOKYO, April 18. Japan’s two largest steel producers, the Yawata Iron and Steel Company and the Fuji Iron and Steel Company today announced plans to merge, the “New York Times” News Service reports. If the merger is approved by the Government, the new Japanese company will be the second largest steel-pro-ducing concern in the world, after the United States Steel Corporation. Together, they now turn out more than 21 million tons of crude steel a year. The proposed amalgamation would reverse an action of the United States Occupation authorities, who ordered the break-up of the giant Japan Iron and Steel Company in 1950, creating the I Yawata and Fuji concerns.
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Press, Volume CVIII, Issue 31658, 19 April 1968, Page 13
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117Japanese Plan Steel Merger Press, Volume CVIII, Issue 31658, 19 April 1968, Page 13
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