Nippon Steel & Sumikin Bussan Corp (NSSBC) recently announced its purchase of 10.5 percent stake in Vietnam’s construction steel processor QH Plus Corp (QH). NSSBC is the trading arm of Japan’s largest integrated mill Nippon Steel & Sumitomo Metal Corporation (NSSMC). NSSBC is investing in the construction sector of Vietnam due to its strong growth potential as Japan’s construction market is seen as stable to potentially declining.
QH operates a steel production, rebar processing and coil center in Ho Chi Minh City. The value of the investment was not disclosed.